Unit 5 quiz (The boom and the bust)

Question 1

The Boom refers to the decade of

Answer 1

1920s

Question 2

List good things that came from the 1920s

Answer 2

increased personal freedom, increased wealth, dancing, jazz, radio

Question 3

List bad things that came from the 1920s

Answer 3

40% americans in poverty, economic crisis, unemployment

Question 4

John green says that “the 1920s gave us the worst economic crisis of all time.” Is that a fact or an opinion? (defend your answer)

Answer 4

Its an opinion because even though many were suffering and unemployed, or were having heavy taxes, not everyone suffered, especially the very rich, who still had lots of money after the stock market crash.

Question 5

“The chief business of American people is _______”

Answer 5

buisness

Question 6

who said,”The chief business of American people is business”?

Answer 6

Calvin Coolidge

Question 7

The presidents elected in the 1920s were all from which party?

Answer 7

The Republican Party

Question 8

John Green said that Warren Harding wasn’t corrupt, he just surrounded himself with corrupt people. What other president does this remind you of?

Answer 8

U.S. Grant

Question 9

Productivity improved in the 1920s because industries (factories) adopted which technology? (what and who was it made by)

Answer 9

Moving assembly line perfected by Henry Ford

Question 10

Name some labor saving devices that were invented during the 1920s

Answer 10

Vacuum cleaners, toasters, refrigerators, radios

Question 11

Name four celebrities that achieved great fame during the 1920s

Answer 11

Enrico Caruso, Charlie Chaplin, Rudolph Valentino, Babe Ruth

Question 12

Which NYC neighborhood became an important cultural center for Black America during the 1920s?

Answer 12

Harlem

Question 13

What does the concept of “The Marketplace of ideas” mean? (who said it and why)

Answer 13

Oliver Wendell Holmes said it and he thought there was a value of freedom of speech that citizens should be able to express.

Question 14

By the end of the decade, the USA was producing 85% of the worlds ____, and 40% of the worlds ______________.

Answer 14

cars, manufactured goods

Question 15

Name the “Big 3” automobile dealers that came out of the 1920s.

Answer 15

Chrysler, Ford, GM

Question 16

The Boom is the decade of?

Answer 16

the 1920s

Question 17

The Bust is the decade of?

Answer 17

the 1930s

Question 18

The war is? (what decade)

Answer 18

the 1940s

Question 19

The narrator states that the Boom was bought using?

Answer 19

credit

Question 20

____ percent of Americans in 1929 have no savings at all.

Answer 20

80%

Question 21

The narrator says that some stocks are valued at ___ times what they are really worth.

Answer 21

50

Question 22

Why were stocks so overvalued?

Answer 22

because interest rates were artificially low

Question 23

the stock market crash happened in?

Answer 23

1929

Question 24

The stock market lost __ times more in cash in __ weeks than the US government uses in a year

Answer 24

12, 3 weeks

Question 25

What percentage of US population owned stocks in 1929?

Answer 25

2%

Question 26

The video illustrated a ___ on The Bank of the United States.

Answer 26

run

Question 27

By 1933, there were __ states without a single bank.

Answer 27

28

Question 28

The "Roaring 20s" is famous for?

Answer 28

Jazz age, Dance age, and Age of Prohoibition

Question 29

Jazz Age

Answer 29

New style of music, Louis Armstrong, New Orleans, Jazz and Blues

Question 30

"The red scare"

Answer 30

palmer raids, communists kill the last Czar and communism is spreading in Russia (worried it will come to USA)

Question 31

The Monkey Trial

Answer 31

Small Tennessee town teaching Darwin's theory vs Bible story of Evolution (creationism wins) (Basically science vs Religion)

Question 32

The Great Depression

Answer 32

"Black Thursday" (stock market crash), no money, poverty

Question 33

Name the "Great Crash" long term causes.

Answer 33

Interest rates were low, Buying on the Margin (borrowing to invest), Overvalued stocks & "the bubble"

Question 34

Red scare main idea

Answer 34

Russian communists rebelled and killed the Czar, Americans are held in jail and not allowed the constitutional rights, worries that Russian communism will spread to America

Question 35

The Twenties Roar main idea

Answer 35

New inventions made impacts like the lightbulb, dancing, and jazz. The twenties were a good time.

Question 36

The monkey trial main idea

Answer 36

more $ and prosperity = more establishment, ACLU founded protecting civil rights in U.S., the "equal time" in school

Question 37

All that Jazz main idea

Answer 37

new saaz music used everywhere, jazz growing even after depression, Jazz pioneers.

Question 38

Lucky Lindy main idea

Answer 38

"rising" of planes (more flew), plane can now reach distances across oceans, the 1st trip over the atlantic, Charles Lindbergh

Question 39

Depression and war pt 1 main idea

Answer 39

stock market rising and falling, no money = nothing bought, farmers destroy crops, millions of Americans in Hoovervilles, Government money not helping

Question 40

Depression and war pt 2 main idea

Answer 40

FDR becoming president + backstory, famous "New Deal", gave opportunities to raise class, gave jobs to unemployed

Question 41

Why Prohibition of Alcohol was tried and failed (3-4 sentences)

Answer 41

tried to save drunk driving, abuse, accidents, and to stop men from spending $ on drinks. Failed because people like alcohol, sold illegally on black market, law reflect the morals/value of society

Question 42

How the Fed helped cause the stock market to crash (3-4 sentences)

Answer 42

Artificially keeping interest rates low. (brick example) pumping money into the economy, and businesses expand thinking they will have enough money, but they don't and fail.

Question 43

Federal Reserve System (Fed)

Answer 43

Central bank of the US

Question 44

the 1920s were the __ decade where urban citizens _________ ________ in USA

Answer 44

1st decade, surpassed rural in USA

Question 45

Name the States affected by the dust bowl.

Answer 45

Texas, Oklahoma, New Mexico, Colorado, Kansas, Nebraska (partially south dakota and wyoming)

Question 46

The US presidents during the great depression.

Answer 46

Herbert Hoover and FDR

Question 47

Hoovervilles

Answer 47

a shantytown built by unemployed Americans during the Great Depression

Question 48

Unemployment rate during the Great Depression

Answer 48

25% unemployment rate and peaked at 1933 (when Hoover was president)

Question 49

Depression within the Depression

Answer 49

When unemployment rate was starting to improve, and then it spiked up again

Question 50

Bonus Army

Answer 50

veterans who wanted immediate pay for their service during the great depression

Question 51

Smoot-Hawley Tariff act

Answer 51

Increased tax on goods coming to America, so Americans would not buy foreign goods. Backfired when other countries increased tax on American goods.

Question 52

"Buying on Margin"

Answer 52

investing using a loan (money that's not yours). You will have to pay the loan back. (Why the depression was so large)

Question 53

Flapper

Answer 53

young western women who bobbed their hair and wore skirts, dancing to jazz music at bars (often secret bars bc prohibition of alcohol)

Question 54

The Charleston dance

Answer 54

dance of the 1920s

Question 55

Louis Armstrong

Answer 55

popular jazz musician (played the trumpet)

Question 56

"The Great Migration"

Answer 56

the movement of 6 million African Americans out of the Southern US to the Northeast Midwest US.

Question 57

Charles Lindbergh

Answer 57

First to fly solo and nonstop across the Atlantic Ocean

Question 58

Calvin Coolidge

Answer 58

"Silent cal" dry sense of humor and never spoke unless he needed to (party story)

Question 59

New Deal

Answer 59

FDR program that set up government jobs for 4 million unemployed Americans.

Question 60

Social Security

Answer 60

Most popular New Deal program that still exists today, Old age pension

Question 61

Interest rate

Answer 61

the price of money