Laissez-Faire economics meant

LESS government regulation of business

Why did business production increase so rapidly in the 1920s?

businesses adopted the assembly line

What did the Republican government of the 1920s do with taxes?

lowered corporate and individual taxes

A major consequence of US foreign investment was that

the dollar replaced the pound as the currency of trade

People spent so much money on leisure activities because

innovation saved them so much time

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Roaring 20s Economy

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A quiz to target the economic policies and practices that led to the economic boom of the 1920s

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Questions 14

Answers

1
Laissez-Faire economics meant
MORE government regulation of business
LESS government regulation of business
2
Why did business production increase so rapidly in the 1920s?
it did not increase rapidly
businesses adopted the assembly line
the government gave money to businesses
they had more land on which to manufacture
3
Did the end of WWI help or hurt the US economy?
hurt
help
4
What was the most significant leisure activity of the 1920s?
movies
buying cars
vacation
dancing
5
By 1929 how many American families owned a car?
the top 1% only
about 50%
100%
None
6
What was the most important means of communication during the 1920s?
television
radio
NONE of the above
7
Which industry helped fuel consumer demand for products?
automobile
advertising
railroads
banks
8
What did the Republican government of the 1920s do with taxes?
raised corporate and individual taxes
raised corporate taxes, but lowered individual taxes
raised individual taxes, but lowered corporate taxes
lowered corporate and individual taxes
9
A major consequence of US foreign investment was that
the US became the world's greatest economy
US companies lost jobs
the dollar replaced the pound as the currency of trade
many US companies went bankrupt
10
People spent so much money on leisure activities because
innovation saved them so much time
most people were wealthy
families were bigger and needed to entertain their children
there were fewer jobs than in the early 1900s
11
Banks always kept the correct amount of cash on hand to back up all their accounts
False
True
12
The stock market allowed everyday people to
own part of a business
get a job at a company
buy things now and pay later
save money for retirement
13
Why was buying on credit such a boost to the economy?
ALL of the above
Companies had steady payments coming in
Interest meant people paid companies more than they should
More buying meant more manufacturing
14
America's economy grew by how much during the Roaring 20s?
29%
12%
42%
77%

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