The Roaring 20s And The New Deal

Question 1

What was the atmosphere of the 1920s influenced by?

Answer 1

Memories of the First World War

The 1920s, often referred to as the Roaring Twenties, was a decade marked by significant social and cultural changes.

Question 2

Who was the U.S. President during the early 1920s?

Answer 2

Warren G. Harding

Harding was known for his conservative policies and call for a return to normalcy.

Question 3

What were the key components of Harding’s ‘Return to Normalcy’ policy?

Answer 3

Isolationism, nativism, reduction of government involvement in citizens’ lives

Nativism promoted policies that favored the dominant culture and aimed to reduce immigration.

Question 4

What did the Revenue Act of 1921 accomplish?

Answer 4

Reduced income taxes and repealed the excess profits tax on corporations

This act aimed to stimulate economic growth after the war.

Question 5

What was the purpose of the Emergency Quota Act of 1921?

Answer 5

To reduce immigration

This act established limits on the number of immigrants allowed from specific countries.

Question 6

What economic philosophy did Vice President Coolidge continue after Harding’s death?

Answer 6

Laissez-faire

Coolidge maintained similar policies that favored minimal government intervention in the economy.

Question 7

What significant economic changes occurred during the 1920s?

Answer 7

Huge expansion of the free market economy, industrialization, urbanization

These changes were accompanied by increased social contact through innovations like radio.

Question 8

What major social change occurred in the 1920s regarding voting rights?

Answer 8

Women gained the right to vote

This was part of broader social changes during the decade.

Question 9

What advancements in manufacturing contributed to a culture of consumerism in the 1920s?

Answer 9

Mass production and consumer spending

This marked the first time consumer culture became widespread due to affordable goods.

Question 10

What event marked the beginning of the Great Depression?

Answer 10

The Stock Market crash of 1929.

Question 11

What characterized the 1920s in relation to the stock market?

Answer 11

The 1920s experienced significant prosperity with a huge stock market.

Question 12

Why did people start borrowing money from banks during the 1920s?

Answer 12

People believed the stock market would continue to grow.

Question 13

What happened when stock prices stopped rising?

Answer 13

Everyone started selling their stocks to try to make a profit, causing prices to drop even more.

Question 14

What was the financial impact of the stock market crash?

Answer 14

Billions of dollars were lost.

Question 15

What situation did investors who borrowed money to buy stocks find themselves in?

Answer 15

They were in a bad spot.

Question 16

What contributed to the overvaluation of stocks?

Answer 16

Stocks were in great excess of their real value.

Question 17

How did panic affect the stock market during the Great Depression?

Answer 17

Panic made the situation worse as everyone started trying to sell their stocks.

Question 18

What was one cause of the Great Depression related to consumerism?

Answer 18

The risk of consumerism led to the overproduction of manufactured goods.

Question 19

What agricultural issue contributed to the Great Depression?

Answer 19

The overproduction of wheat, as farmers bought equipment with credit.

Question 20

What role did tariffs play in the Great Depression?

Answer 20

Tariffs made domestic prices cheaper.

Question 21

What risky behavior contributed to the Great Depression?

Answer 21

Gambling on the stock market.