Roaring Economy to Great Depression QUIZ 100%

Which statement best explains how farming affected the economic slowdown that led to the Great Depression? - High demand was met with high output. - Produce prices were constantly rising. - Large machines made farms more efficient. - Even though prices and demand were falling, production increased.

Even though prices and demand were falling, production increased.

What effect did the overuse of credit have on the economy in the 1920s? - It made the economy stronger. - It made the economy weaker. - It made parts of the economy stronger. - It solved the problem of overproduction.

It made the economy weaker.

In the 1920s, how did manufacturers make products faster and more cheaply? - They reused old designs and models. - They offered a smaller range of goods. - They saved on costs by not advertising as much. - They adopted Henry Ford's manufacturing techniques.

They adopted Henry Ford's manufacturing techniques.

What is consumerism? - a pattern of wanting and buying new products - a pattern of saving most of one's money - a pattern of raising prices on store-bought goods - a pattern of lowering prices on farm-produced goods

a pattern of wanting and buying new products

A part of the consumerism cycle is that manufacturers - do not advertise goods. - sell goods only for cash. - advertise goods. - make fewer goods.

advertise goods.

Which industry boosted consumerism in the 1920s, feeding economic growth? - advertising - electricity - farming - manufacturing

advertising

Businesses and industries in the 1920s most closely followed the buying demands of - government. - farmers. - consumers. - manufacturers.

consumers.

In the 1920s, many rural banks failed because - banks had speculated in stocks. - farmers could not repay their loans. - the stock market surged. - consumers took their money out.

farmers could not repay their loans.

While consumerism during the 1920s boosted the economy, it also led to - more savings. - higher debt. - lower debt. - fewer stocks.

higher debt.

What does a strong economy depend on the most? - many investors speculating. - many banks giving many people loans. - most consumers buying on credit. - most people's confidence in the economy.

most people's confidence in the economy.