1920s Economic Boom and Social Changes

What was one of the factors that contributed to the economic growth in the U.S. after World War I?

• Technological advances

• Limited government intervention

• Agricultural sector growth

• Decreased demand for American goods

Which industry saw significant technological innovations during the 1920s?

• Mining

• Textiles

• Agriculture

• Automobiles

What major shift occurred in consumer behavior during the 1920s?

• Increased reliance on credit

• Decreased interest in purchasing big-ticket items

• Reduced demand for American goods

• Shift towards saving and investing

What contributed to the stock market boom in the 1920s?

• Falling stock prices

• Decreased interest in investing

• Increased government regulation

• Speculation-fueled growth

Which sector of the economy struggled during the 1920s?

• Finance

• Technology

• Manufacturing

• Agriculture

Speculation means:

• Making large investments in order to cash-out for short-term profits

• Making small investments in a carefully thought out plan

• Making large investments for long-term growth and planning

• Making many small investments to have a diverse investment portfolio

What was the effect of the economic boom of the 1920s on the American lifestyle?

• It led to a decrease in consumer spending

• It led to an increase in the standard of living

• It led to a decrease in urbanization

• It led to an increase in poverty

How did the U.S. economy of the 1920s reflect a shift towards a new stage in the development of capitalism?

• It saw a transition from an economy centered around heavy industry towards consumer goods

• It saw a transition from an economy fueled by credit towards savings and frugality

• It saw a transition from an economy centered around agriculture towards industry and finance

• It saw a transition from an economy based on manufacturing towards finance and services

Generally, the U.S. economic policies of the 1920s can be described as a shift towards

• Laissez Faire

• Socialism

• Agriculture

• Keynesianism

The Model-T car made by the Ford Motor Company became an icon of the 1920s economic environment because it symbolized:

• Deepening inequality between the rich and poor

• The loss of traditional values in the face of industrialization

• The upward mobility of an emerging American middle class

• The increase in the amount of savings Americans had