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The Roaring Twenties Economy

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What was the general trend of the unemployment rate and consumer price index during the 1920s?

They were both generally low

What was the impact of technological advancements on the production of goods?

It increased the availability of goods for consumers

What was the consequence of many people purchasing on credit during the 1920s?

A significant increase in household debt

What was the cultural phenomenon that characterized the 1920s?

<p>A culture of consumerism</p> Signup and view all the answers

What event marked the end of the Roaring Twenties and the beginning of the Great Depression?

<p>The Wall Street Crash of 1929</p> Signup and view all the answers

What was a defining characteristic of flappers in the 1920s?

<p>Their unconventional lifestyles that contrasted with traditional gender norms</p> Signup and view all the answers

What was the outcome of Calvin Coolidge's hands-off regulatory approach?

<p>Increased wealth inequality and reckless market gambling</p> Signup and view all the answers

What was a major factor contributing to the stock market crash of 1929?

<p>The overconsumption and market speculation</p> Signup and view all the answers

What was the outcome of the stock market crash of 1929?

<p>The onset of the Great Depression</p> Signup and view all the answers

What was the name given to the era of economic prosperity during Calvin Coolidge's presidency?

<p>Coolidge Prosperity</p> Signup and view all the answers

What was a major consequence of the rise of consumerism in the 1920s?

<p>An increase in household debt</p> Signup and view all the answers

What innovation revolutionized automobile manufacturing in the 1920s?

<p>Assembly line production</p> Signup and view all the answers

What was a characteristic of the 1920s consumerist culture?

<p>Encouraging people to buy goods impulsively</p> Signup and view all the answers

What was a major driver of consumerism in the 1920s?

<p>Purchasing on credit</p> Signup and view all the answers

What was a cultural phenomenon that emerged in the 1920s?

<p>All of the above</p> Signup and view all the answers

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