Causes of the US Economic Boom

During WW1, factory production grew by...

• 15%

• 25%

• 35%

• 45%

Which of the following was not really associated with WW1?

• US shipbuilding and railroads developed

• US consumer goods became popular in Europe

• There was demand for agricultural goods

• Americans started to move into suburbs

The average income of a farmer during WW1 increased by...

• 20%

• 30%

• 40%

Which of the following did NOT happen at the end of WW1?

• Farmers continued to do really well

• There was less demand for agricultural products

• Farmers struggled to pay back loans

• Many new workers lost their jobs because of reduced demand

A key feature of mass production is...

• Production is slower

• The cost is higher

• The time to make a product increases

• Production is faster

Who created hire purchase?

• Alfred Sloan

• Henry Ford

• Warren Harding

In 1929, the % of cars bought using hire purchase was

• 25%

• 50%

• 75%

• 100%

The idea of hire purchase was

• Buy now, pay now

• Buy now, pay later

Which of the following was NOT a big consumer products of the 1920s?

• Radio

• Vacuum cleaners

• Televisions

• Fridges

How much was spent on advertising by 1929?

• $1 million

• $10 million

• $2 billion