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Academic Superbowl 2020 Quiz 5 Flashcards | StudBud
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Academic Superbowl 2020 Quiz 5
Academic Superbowl 2020 Quiz 5
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1
Most of the economic gains made in the 1920s were felt by:
Women
Industrial workers
Minorities
Corporations
2
Which of the following predicted the stock market crash?
All of the above
Bernard Baruch
Roger Babson
The New York Times
3
How did insiders try to drive up stock prices?
Trickery
Lying about business results
Selling all their stocks at once
Buying in groups
4
In September 1929, what even made Wall Street traders nervous?
Outbreak of WWI
Japanese invasion of Manchuria
Germany defaulted on US loans
London Stock Market crash
5
All of the following southern industries struggled in the 1920s EXCEPT:
Coal
Railroad equipment
Cotton
Shipbuilding
6
Massive advertising campaigns encouraged people to move to which state?
Florida
Kansas
California
Alaska
7
What broke the monopoly of Standard Oil?
Government anti-trust laws
The spread of electric power
The invention of natural gas
The discovery of oil at Spindeltop, TX
8
Which president in particular became known as an enemy of labor?
Coolidge
Roosevelt
Harding
Hoover
9
How did most people react to the market crash?
They began to plan for the worst
They panicked
They were upset but didn't expect the Great Depression
They began to flee the country
10
Which of the following changes explains the decreasing land used for farming but the increase in farm output?
Heavier rains leading to greater growth
Land taken from national parks for farm use
More children to work on farms
Family farms being bought out by larger corporate farms
11
By 1929, electricity was running [what] percentage of machines around the country?
10%
30%
70%
50%
12
What happened to union membership over the course of the 1920s?
It decreased dramatically
All unions were broken up
It increased dramatically
It stayed the same
13
One of the few progressive "wins" of the 1920s was the failure of Henry Ford to buy a hydroelectric dam located where?
Denton, TX
Milledgeville, GA
Muscle Shoals, AL
Little Rock, AK
14
Winston Churchill made what decision that had a major effect on the US economy?
Stopped repaying war debts
Raised tariffs
Refused to buy American goods
Returned Britain to the gold standard
15
How did Hoover react to the growing cracks in the economy?
He tried to get the Fed to restrain speculation
He ignored it
He warned American people to stop investing
He left it up to Congress
16
What name was given to October 29th, the highest trading day thus far in history?
Black Thursday
None of the above
Black Tuesday
The End Day
17
American passenger airlines grew out of what?
US Postal Service
Private interest
The World War I air force
Crop dusting
18
In one day, the stock market lost how much value?
$10 billion
$1 million
$100 million
$10 million
19
Bank failures occurred at what rate before the stock market crash?
2 every 2 weeks
1 every 6 months
2 per day
1 per month
20
The modern idea of public relations was created when which reporter was hired by coal owners to write about a strike?
William Hearst
Joseph Pulitzer
Ivy Lee
Bob Woodward
21
Attempts by organized labor and other groups to reform society were blocked by:
Congress
conservative Supreme Court
Southern voters
Republican presidents
22
Which of the following inventions led to greater farming output in the 1920s?
A & B
Plow
Combine
Mechanical tractor
23
On Thursday, October 24th, 1929, the stock market fell by:
20%
32%
11%
5%
24
All of the following were signs that the economy was cracking EXCEPT:
Unemployment increasing
Wheat prices dropping
Auto sales decreasing
Decreasing stock prices
25
Which of the following men was known as the "King of Kilowatts"?
Nikola Tesla
George Westinghouse
Samuel Insull
Thomas Edison
26
The 1920s also saw the rise of:
get rich quick schemes
Ponzi scheme
all of the above
stock market investment
27
What building became the symbol of postwar prosperity?
Wall Street
duplex
skyscraper
Two story house
28
Which of the following goods DID NOT become popular in the 1920s?
Kleenex
Frozen food
Safety razors
Televisions
29
Which of the following grew out of the postwar economic boom?
Less dependence on grocery stores for food
A & B
Increased advertising
Installment plans for payment
30
Buying stocks using loans was known as:
None of the above
Refinancing
Shareholding
Buying on margin
31
Which of the following is TRUE of stock market investment in the 1920s?
Businesses did not do much speculation on the market
Almost everyone played the market
Only the wealthy could play
It became a part of the popular culture
