1920's economics

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Federal economic policies during the 1920s focused on

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supporting big business

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“A government’s primary role is to provide a favorable atmosphere for business, including a stable currency, hands-off regulation, and domestic order.” A supporter of this idea would most likely favor:

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following laissez-faire economics

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I. _________________________________
A. new technologies
B. increased productivity
c. decreased government regulations
Options: industrial revolution, increased consumer spending, rise of wages, rise of labor unions

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rise of wages

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Which factor best accounts for the economic growth of the 1920s? Options: federal support from labor unions, low taxes and government subsidies, the efficiencies created by the assembly line, increased trade

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low taxes and government subsidies

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Which economic condition of the 1920s was a major cause of increased consumer spending?

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increased wages

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Presidents Coolidge and Hoover's actions reflected the belief that the federal government should

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support capitalistic principles

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rising incomes, tax cuts and new consumer goods all resulted in...

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a rising standard of living

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Which statement about the United States economy during the 1920s is true? Options: Federal regulation of business was strengthened, The purchase of stocks steadily declined, Mass production decreased the supply of consumer goods, Republican Party presidents supported business growth.

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Republican Party presidents supported business growth.

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Higher wages and which other factor lead to increased spending by Americans?

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access to easy credit

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Which of the following benefitted most from the protective tariffs enacted in the 1920's? Options: the American consumer, foreign industries, American businesses and industries, the top 1% of the population

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American businesses and industries