Unit 5 Review Roaring Twenties Great Depression and WWII

How did the demobilization that occurred following World War I affect the economy of the United States?

• The economy boomed as it transitioned from wartime to peacetime production

• Numerous jobs were created in the defense industry.

• Unemployment was high and the nation experienced a recession

• The War Industries Board was created to oversee industrial production.

How did the end of World War I affect farmers in the United States?

• Farmers saw demand and prices fall for their goods.

• Agriculture became a growing sector of the economy.

• Most farmers transitioned to factory jobs in urban areas.

• The government subsidized and supported the agricultural sector.

The demobilization of the American military and war-time industries following World War I resulted in a period of

• The demobilization of the American military and war-time industries following World War I resulted in a period of

• depression as many American banks closed and the New York Stock Exchange "crashed."

• economic growth as American agricultural exports were in high demand around the world.

• economic growth as the federal government continued to guide industrial production and control American banking.

The success of the Bolsheviks in Russia contributed to the post-World War I phenomenon in the United States known as

• Red Scare

• Roosevelt Corollary.

• the ‘Last Generation’

• the Progressive Movement.

Palmer RaidsSacco and VanzettiBoston Police Strike of 1919May Day Riot of 1919

This list of research topics would be of MOST use to a student writing a paper titled

• The First Red Scare."

• "Causes of the Great Depression."

• "The Rise of American Labor Unions.

• "The 18th Amendment and Prohibition."

The Fordney-McCumber Act of 1922 helped boost the American economy by

• prolonging the animosities in Europe.

• applying high taxes to foreign-made goods.

• creating tax loopholes for big businesses.

• making loans to foreign countries illegal.

During the decades between World War I and World War II, American foreign policy was characterized by

• large-scale military mobilization in anticipation of the Second World War.

• aggressive imperialism as the United States gained control of much of the Pacific.

• increasing federal control of the American economy to battle the effects of the Great Depression.

• increased isolationism as the United States focused on domestic issues instead of involvement in international affairs.

One of the primary causes of economic prosperity in the 1920s was due to new developments in _____________, which in turn led to economic prosperity in other sectors such as oil, glass, tourism, and road-building.

• the aviation industry

• the automobile industry

• the construction industry

• the communications industry

Which of these was a reason for the collapse of the American economy which led to the Great Depression?

• Foreign governments began to boycott American-made goods.

• Government control of the economy led to severe inflation.

• Taxes were too high to support unemployment claims and social security payments.

• The boom of the 1920's rested on a weak foundation since the prosperity was not enjoyed by all economic groups.

1920s Innovations

· automobiles

· radios

· motion pictures

· national magazines

The 1920s innovations in the table BEST show a trend toward

• inflation.

• consumerism

• independence.

• gentrification