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1920s Economic Boom USA Flashcards | StudBud
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1920s Economic Boom USA
1920s Economic Boom USA
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Answers
1
What is the term for the system of credit where an item is paid for in installments?
Pay to buy
Debt
Store credit
Hire purchase
2
What is the term for increasing the consumption of goods and services?
Isolationism
Consumerism
Patriotism
Communism
3
The original cost of a Model T was $950. How much did a Model T car cost by 1925?
$250
$1
$1000
$500
4
Who introduced mass production techniques to car manufacturing?
William Durant
Model T
Henry Ford
Louis Chevrolet
5
How did companies encourage consumers to buy their goods?
Offering new varieties of products
Magazine and radio ads
Rebranding
Big posters
6
Why did the USA join the war in 1917?
Britain needed their help
The sinking of the Lusitania and other US passenger ships
The Zimmerman Telegram
Boredom
7
How did American workers benefit from WW1?
More opportunities for women and African Americans
More workers were needed in industry and farming
Workers were needed to replace the men who left to fight in Europe
Wages for unskilled workers increased
8
Why did people buy shares in the stock market in the 1920s?
For fun
To go to Wall Street
To help the economy
To sell shares at a profit
9
The economic 'boom' of the 1920s benefited all Americans.
False
True
10
Who was President of the USA during WW1?
Johnson
Wilson
Trump
Roosevelt
