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