Multiple Choice: Select the choice that completes the statement or answers the question. 1. Which of the following had revolutionized day-to-day life in America during the 1920s? More and more women were joining the workforce. b. а. Air conditioning had made indoor jobs more bearable. The introduction of electricity into American homes. d. с. Steam power had transformed American leisure time.
Multiple Choice: Select the choice that completes the statement or answers the question. 1. Which of the following had revolutionized day-to-day life in America during the 1920s? More and more women were joining the workforce. b. а. Air conditioning had made indoor jobs more bearable. The introduction of electricity into American homes. d. с. Steam power had transformed American leisure time.
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Transcribed Image Text:Causes of the Great Depression
Multiple Choice: Select the choice that completes the statement or answers the question.
1. Which of the following had revolutionized day-to-day life in America during the 1920s?
More and more women were joining the workforce.
b.
а.
Air conditioning had made indoor jobs more bearable.
The introduction of electricity into American homes.
d.
с.
Steam power had transformed American leisure time.
2. Which of the following evaluations best summarizes why consumers began purchasing items through
installment buying?
Many of the items were too expensive for consumers to purchase outright.
b.
а.
Many businesses were no longer allowing customers to purchase products with one payment.
The president had recommended that consumers not spend all their money on purchases.
d.
c.
Businesses were purposely pricing items higher, trying to prevent people from buying them.
3. Which of the following best describes buying on margin?
Investors were purchasing stocks for as little as 10% and then paying off the balance.
b.
а.
Poor families were using milk from dairy cows to make butter which they would sell.
Homes were being purchased by multiple families, each paying a portion of the cost.
d.
с.
Banks were allowing customers to go as much as a year without repaying loans.
4. What was the possible benefit of speculation?
Stocks were low risk, meaning they were a safe investment.
b.
а.
If the stocks were successful, it meant quick profits.
The investor was frequently investing in a company that no one else was.
d.
с.
Speculative stocks were usually less complicated to understand.
5. Which of the following best summarizes the events that occurred following Black Tuesday?
The president immediately declared a national emergency and assigned a task force to
investigate the problem.
b.
а.
Several business owners took the lead in trying to restore America's faith in the economy.
Thousands of banks closed, and once prosperous businesses shut down.
d.
с.
Black Tuesday had very little real impact, and everyone continued with their lives just as they
always had.
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