Prosperity of the 1920s

1. Why did the “Return to Normalcy” agenda of the U.S. presidential candidate Warren G. Harding appeal to many voters in the 1920 election?

• A. There were significant shortages of military supplies

• A. There was a decrease in demand for consumer goods

• A. The public wanted to concentrate on domestic issues

• A. The public wanted to help rebuild war-torn countries

Which statement would be true of Warren Harding’s Teapot Dome Scandal?

• A. Public disappointment over revelations of government corruption

• A. Widespread dissatisfaction with a lack of economic development

• A. Public frustration with government neglect of the working class

• A. Widespread anger over excessive partisan politics

Which of these is an example of a successful innovation of the assembly-line production model?

• A. A financial adviser redistributed money throughout a customer’s portfolio

• A. A computer is made to a customer’s satisfaction with available inventory

• A. A cable-television company updates its system to include more channels

• A. A social-media company initiates a new privacy policy for subscribers

Which factor played the largest role in fueling the economic boom in the 1920’s?

• A. The increasing ownership of automobiles by families

• A. Government subsidies paid to farmers

• A. Tariff reductions on imported European goods

• Construction by the Tennessee Valley Authority

What did President Harding mean when he introduced the phrase “a return to normalcy” after World War 1?

• A. Increased United States involvement in Europe

• A. No longer selling liquor in the United States

• A. Going back to a peacetime economy

• A. Restoring a Democratic president to power

Which of the following groups did not share in the prosperity of the 1920s?

• A. Industrial workers, because wages declined

• A. Corporations, because of stagnant economic growth

• A. Farmers, because crop prices fell

• A. Automobile manufacturers, because of too much competition