Year 10 Lesson 3 Economic Boom

Which of these is not a reason people emigrated to America

• Overcrowding in Europe

• Unemployment

• Persecution

• Easy to get to

Between 1920 - 1929 the Gross National Product increased by....

• 40%

• 80%

• 25%

• 50%

Who first created the assembly line in 1913?

• James Brown

• Arthur McGulligan

• Henry Ford

• J W Hoover

Why were American banks keen to loan money in the 1920s?

• They had too much money

• The government told them they had to give out loans

• They wanted to help people start businesses

• Loans to the allies were being paid back after the war

Which US government encouraged ‘rugged individualism’

• Republican

• Democrat

• Liberal

• Labour

Which Act in 1922 made it more expensive to buy foreign imports

• Hoover-Gill Tariff

• Fordney-McCumber Tariff

• McCarthy-Trump Tariff

• Brumder-Brown Tariff

What made it easier for people in the 1920s to buy goods they previously couldn't afford?

• HP (Hire Purchase)

• Sharing products with neighbours

• Saving for a very long time

• Using second hand shops

What is an economic boom?

• A significant decrease in a country's wealth

• A slow and steady increase in a country's wealth

• A dramatic increase in a country's wealth

• A dramatic increase in inequality in a country

What is a consumer society?

• A society where everyone eats lots of food

• A society where people have little money to buy non-essential items

• A society where most people can afford to buy non-essential items

• A society where everyone can afford to buy luxuries

Which of the following did NOT contribute to the economic boom of the 1920s?

• Low taxes encouraged investment and spending

• Tariffs on foreign products encouraged people to 'buy American'

• There was little regulation for companies to spend money complying with

• Many women returned to being housewives after WWI