Day 22 USH DOL - 1920s Politics + Econ

A "Bull Market" refers to

• a declining stock market.

• a rapidly increasing stock market.

• a Great Depression.

• the housing crisis.

Which of the following does NOT explain why the US economy was so good in the 1920s?

• The US was undamaged by World War I.

• The stock market was rapidly increasing.

• New technologies and products like the Ford Model T.

• The US gained natural resources from Germany.

True or false: President Warren Harding and the Republicans of the 1920s practiced laissez-faire economic policies.

• True

• False

What was the significance of the Teapot Dome Scandal?

• It further increased the stock market.

• It marked the beginning of the Great Depression.

• It demonstrated the political corruption of the 1920s.

• It resulted in the return of the political machines.

How did the Ford Model T impact the American economy in the 1920s?

• It provided millions of jobs and resulted in economic growth.

• It decreased the average wage.

• It increased the popularity of drive-in movies.

• It increased sales of the radio.

"America's present need is not heroics but healing;... not revolution, but restoration;... not submergence in internationality but sustainment in triumphant nationality."

-Warren G. Harding, 1920

This excerpt illustrates Harding's campaign promise to be a president who would:

• help the country recover from the turmoil of the previous decade

• refuse to allow the continuation of laissez-faire economic policies

• use diplomacy to establish alliances with other countries

• improve economic growth by promoting unrestricted immigration