Unit 5 quiz (The boom and the bust) Flashcards
The Boom refers to the decade of
1920s
List good things that came from the 1920s
increased personal freedom, increased wealth, dancing, jazz, radio
List bad things that came from the 1920s
40% americans in poverty, economic crisis, unemployment
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)
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.
“The chief business of American people is _______”
buisness
who said,”The chief business of American people is business”?
Calvin Coolidge
The presidents elected in the 1920s were all from which party?
The Republican Party
John Green said that Warren Harding wasn’t corrupt, he just surrounded himself with corrupt people. What other president does this remind you of?
U.S. Grant
Productivity improved in the 1920s because industries (factories) adopted which technology? (what and who was it made by)
Moving assembly line perfected by Henry Ford
Name some labor saving devices that were invented during the 1920s
Vacuum cleaners, toasters, refrigerators, radios
Name four celebrities that achieved great fame during the 1920s
Enrico Caruso, Charlie Chaplin, Rudolph Valentino, Babe Ruth
Which NYC neighborhood became an important cultural center for Black America during the 1920s?
Harlem
What does the concept of “The Marketplace of ideas” mean? (who said it and why)
Oliver Wendell Holmes said it and he thought there was a value of freedom of speech that citizens should be able to express.
By the end of the decade, the USA was producing 85% of the worlds ____, and 40% of the worlds ______________.
cars, manufactured goods
Name the “Big 3” automobile dealers that came out of the 1920s.
Chrysler, Ford, GM
The Boom is the decade of?
the 1920s
The Bust is the decade of?
the 1930s
The war is? (what decade)
the 1940s
The narrator states that the Boom was bought using?
credit
____ percent of Americans in 1929 have no savings at all.
80%
The narrator says that some stocks are valued at ___ times what they are really worth.
50
Why were stocks so overvalued?
because interest rates were artificially low
the stock market crash happened in?
1929
The stock market lost __ times more in cash in __ weeks than the US government uses in a year
12, 3 weeks