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Boom to Bust Twenties Quiz Review Flashcards | StudBud
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Boom to Bust Twenties Quiz Review
Boom to Bust Twenties Quiz Review
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Twenties economic unit review - US History 10
Flashcards
23 cards
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Practice quiz
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Questions
23
Answers
1
When was "Black Tuesday" - the day of the stock market crash?
December 7, 1941
June 6, 1944
November 11, 1918
October 29, 1929
2
Speculating on the stock market means you're hoping to...
Sell low and buy high
Sell stocks that are worth very little
Buy low and sell high
Buy stocks already worth a lot
3
Which animal is used to indicate a strong stock market?
Bison
Bear
Buffalo
Bull
4
Foreclosures & repossessions occur when loans are not repaid.
True
False
5
The name of our national banking system is...
The Federal Reserve
The Piggy Bank
The National Bank
The 'Merican Money system
6
Who used the assembly line to mass produce affordable automobiles in the 1920s?
Henry Ford
Charlie Chaplin
Frederick Taylor
Charles Lindbergh
7
1920's Trickle-Down economic theory suggests that the first group to 'assist' is ...?
all classes at once
the poor
the middle class
the wealthy
8
Margin Buying or Buying on Margin involves buying stock with what?
Borrowed money
Cash Money
Stolen Money
Bartered Goods
9
The Unemployment rate is reported as...
A number
A percent
A fraction
A dollar amount
10
The term for "the cost for using credit" (particularly in terms of a loan) is called...
Speculation
Credit
Interest
Principle
11
Margin Buying only works as a plan if WHAT happens?
Stock prices continually rise
New companies sell stock
The stock market crashes
Stock prices fall
12
Which of the following was NOT a new consumer good in the 1920s?
Radio
Television
Vacuum Cleaner
Washing Machine
13
All of the following were
helpful
policies towards business EXCEPT...
laissez-faire regulation policies
high protective tariffs
high taxes
government subsidies
14
The Twenties has all of the following nicknames associated with it EXCEPT...
The Prohibition Era
the Roaring Twenties
the Jazz Age
the Progressive Era
15
What was the Model T?
an advertising technique
a vacuum
a car
a radio
16
All of the following people are NOT counted towards the unemployment rate but one, who is
a high school student
a child in elementary school
someone recently laid off
someone in retirement
17
The sole cause of the depression was the stock market crash.
False
True
18
Inflation means prices are...
Going down
Very predictable
Going Up
Stabilizing
19
Laissez-faire suggests that government do what?
Stay out of regulating commerce/business
Surrender itself to create anarchy
Take ownership of parts of the economy
Regulate, but not own, industries
20
GDP, or Gross Domestic Product, is reported as...
a fraction
a number
a percent
a dollar amount
21
After European farmers got back to normal after WWI, how were international crop prices impacted?
prices didn't change since each country grew it's own food
prices dropped due to higher supplies
prices rose due to competition
farmers didn't charge money for food back then
22
All of the following industries grew in demand due to the automobile EXCEPT...
Glass
Electricity
Rubber
Petroleum
23
The day considered the WORST, or BIGGEST, stock market crash day is known as...
Manic Monday
Black Thursday
Black Friday
Black Tuesday
