The 1920s: Economic Policy & Isolationism

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After World War 1, what was the purpose of Congress passing the Fordney-McCumber Tariff Act in 1922? Options: Congress wanted a complete restriction on the import and export of technology products with Germany. This restriction was ordered against Germany for its actions in World War 1. , Congress used this tariff to raise government revenue by billions of dollars, Congress wanted foreign competitors to sell goods at lower prices than American businesses. , Congress used this protective tariff to raise the cost of imported goods from foreign countries and thereby protect domestic producers.

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Congress used this protective tariff to raise the cost of imported goods from foreign countries and thereby protect domestic producers.

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What was the Dawes Plan of 1924?

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It was a foreign economic plan to help Germany pay its reparations to the Allies, who could then repay war debts to the U.S.

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What is installment buying?

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A method of purchasing goods or services in which the buyer pays for them in regular installments over a period of time.

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Based on the graph, by how much did consumer installment debt increase between 1997 and 2006?

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About $1 trillion

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Based on this graph, how has installment buying impacted the U.S. economy?

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Installment buying has increased consumer buying and consumer debt.

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In the 1920s, how did businesses begin market national brands such as Coca Cola products?

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Through advertising in the form of commercial announcements, including propaganda techniques learned during World War 1

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How did the assembly line impact the economy in the 1920s?

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It increased productivity, efficiency and mass production of goods, leading to economic growth.

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What was the purpose of the Kellogg-Briand Pact?

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To outlaw war as an instrument of U.S. foreign policy.

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Why did the United States reject joining the League of Nations?

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Many Americans believed it would drag the country into international conflicts, and the Senate was concerned about the loss of sovereignty that would come with membership in the League.

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What was the purpose of the Washington Naval Conference?

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To discuss naval disarmament and promote peace among major world powers.