Roaring 20s, Great Depression and New Deal

Which of the following presidents had his presidency ruined by the Teapot Dome Scandal?

• Calvin Coolidge
• Warren Harding
• Herbert Hoover
• Franklin Roosevelt

The Roaring 20s was a time of prosperity because of Coolidge's fiscal policy which:

• Directly lead to an economic recession
• Saw personal incomes rise
• Paved the way for the rise of Adolf Hitler
• Increased the size of the Federal Government by creating jobs

The Theory of Trickle Down Economics believed:

• Americans needed to engage in risky business practices
• Labor unions should be declared unconstitutional
• If taxes were cut for the wealth, it would benefit the middle and lower classes
• The Federal Government should raise taxes on the wealthy

One of the main reasons for the economic boom of the 1920's was:

• A bear market caused people to sell their stocks in panic
• Innovations led to the birth of new industries
• A majority of farmers saw their incomes double
• Speculators made money on the Florida Land Boom

Which of the following is a characteristic of capitalism?

• Mass production of goods
• Government control of prices
• Private ownership of property
• Labor unions right to collectively bargain

Which of the following best explains what happened to farmers during the 1920s?

• Government loans helped farmers buy land
• High crop production increased farmers' incomes
• Falling crop prices drove farmers into bankruptcy
• Demand for crops was so high that farmers could not produce enough

Throughout the 1920s the number of agricultural workers:

• Declined
• Increased
• Remained the same as during the 1800's

Why did the income of agricultural workers decline during the 1920s?

• People left farms to seek jobs in the city
• Farmers bought new equipment that made them too efficient
• European farmers were able to produce in their own fields again
• European countries had to import food due to the ravages of war

What happened on Black Tuesday?

• Stock prices fell and the stock market crashed
• Bank rums forced banks to close their doors
• Federal troops attacked the Bonus Army
• The Supreme Court ruled the NIRA was unconstitutional

Which of the following was the most serious problem during the Great Depression?

• Low prices
• Buying on Margin
• High unemployment
• business consolidation