Quiz on Prosperity in the 1920s

What was a characteristic of the economic situation in the 1920s?

• High inflation

• High unemployment

• Low interest rates

• High interest rates

Which industry was linked to the jobs of 1 in 12 workers?

• Textile industry

• Motor industry

• Agricultural industry

• Construction industry

What was introduced to make cars more affordable?

• Cash payments only

• Hire purchase

• Luxury taxes

• Government subsidies

Which company was NOT one of the big three in car production?

• Toyota

• Chrysler

• Ford

• General Motors

What system did Ford's factory use to improve efficiency?

• Batch production

• Assembly line system

• Just-in-time production

• Mass customization

What contributed to the consumer boom in the 1920s?

• Decreased production

• Increased savings

• Low unemployment

• High taxes

What was a major factor in the stock market boom?

• Buying shares on credit

• High interest rates

• Government intervention

• Decreased production

What was the cost of the Model T Ford?

• More than $400

• Less than $300

• Less than $500

• More than $600

Which of the following was a major advertising medium in the 1920s?

• Television

• Radio

• Billboards only

• Newspapers only

What did the Republican government policy do to contribute to prosperity?

• Banned credit

• Reduced income tax

• Increased income tax

• Increased tariffs