Economic Boom of the 1920s

Which of the following is a characteristic of daily life in the 1920s? 

• Many Americans lost all of their money in the Stock Market crash.
• Many Americans did not have jobs and there were failed banks and businesses. 
• Many Americans experienced an economic boom, furthered by new technologies.
• All Americans experienced an economic boom, furthered by new technologies.

What grew as a result of installment buying?

• Incomes
• Consumer Debt
• Government Debt
• Fear of communism

Which of the following is a characteristic of daily life in the 1920s?

• Many Americans lost all of their money in the Stock Market crash.
• Many Americans did not have jobs and there were failed banks and businesses. 
• Many Americans experienced an economic boom, furthered by new technologies. 
• All Americans experienced an economic boom, furthered by new technologies.

What innovation did Henry Ford use to boost the automotive industry?

• Interchangeable Parts
• The Assembly Line
• The Seaplane
• Washing Machine

The 1920s were characterized by 

• Economic depression
• Wars 
• Economic Prosperity 
• none of the above 

Who built the Model T?

• Henry Ford
• Al Capone
• Charles Lindbergh
• Harry Truman

What was invented to help workers produce many things at once?

• A fancy machine
• Automobiles
• The assembly line
• Oil rigs

What did the assembly line accomplish?

• Our economy failed
• We became a command economy
• It made industries grow, gave people jobs, and allowed people to buy consumer goods
• It slowed down the way we made things

What was a positive effect of the automobile? 

• Created a new sense of freedom
• Allowed for the creation of more suburbs
• Led to the creation of jobs in related industries
• All answers are correct

In what way did mass production change the economy?

• Our economy failed
• We became a command economy
• It made industries grow, gave people jobs, and allowed people to buy consumer goods
• It slowed down the way we made things