A Booming Economy (1920s)

The total value of all goods and services produced in a country is called ______.

• gross domestic product

• productivity

• gross national product

• total economic supply

What is a recession?

• an economic downturn

• a rise in prices of goods

• a collapse of businesses

• a drop in unemployment

The amount of work a person can do in a certain amount of time is called ______.

• productivity

• employee supply

• industry

• expert technique

To keep workers from joining independent unions, employers used ______.

• assembly lines

• welfare capitalism

• pay raises

• bribery

Americans could purchase products such as new cars by using ______.

• credit cards

• government loans

• installment buying

• savings accounts

Which industry saw growth as a result of the automobile?

• railroad

• steel

• coal

• textile

Why did U.S. farmers lose money during the 1920s?

• There was a decrease in demand for crops.

• Europeans needed to import less food.

• The price of crops dropped.

• All of the above.

The assembly line manufacturing process was first used in ______.

• Henry Ford's automobile factories

• factories that produced steel

• factories that produced textiles

• companies that made new electric appliances

What business industry did not grow as a result of automobile manufacturing being in such high demand in the 1920's?

• steel

• textiles

• rubber

• glass

______ contributed to the spread of suburbs.

• over population of cities

• better jobs

• railroads

• affordable automobiles