Question 1

What is the best description of the US economy between 1921 and 1928?

Accepted Answer

A)  Many sectors were growing very rapidly. 
B)  Hyperinflation led to large decreases in the standard of living. 
C)  Real average wage growth was stagnant. 
D)  Unemployment fluctuated dramatically. 
A)  Many sectors were growing very rapidly. 
B)  Hyperinflation led to large decreases in the standard of living. 
C)  Real average wage growth was stagnant. 
D)  Unemployment fluctuated dramatically.

Question 2

Which of the following is not accurate about the 1920s?

Accepted Answer

A)  There was a significant increase in mass production and mass marketing. 
B)  There was a significant increase in urbanization. 
C)  The ability of many Americans to afford consumer goods dropped sharply. 
D)  Consumer credit policies were developed and instituted on a large scale for the first time. 
A)  There was a significant increase in mass production and mass marketing. 
B)  There was a significant increase in urbanization. 
C)  The ability of many Americans to afford consumer goods dropped sharply. 
D)  Consumer credit policies were developed and instituted on a large scale for the first time.

Question 3

For the first time in the nation's history, by 1920 over ____ percent of the population were urban dwellers.

Accepted Answer

A)  25 
B)  50 
C)  75 
D)  90 
A)  25 
B)  50 
C)  75 
D)  90

Question 4

In 1910, 8.6 percent of American 17-year olds were high school graduates.  By 1938, this figure _____.

Accepted Answer

A)  had fallen to 5 percent. 
B)  equaled 15 percent. 
C)  had risen to nearly 50 percent. 
D)  had not changed appreciably. 
A)  had fallen to 5 percent. 
B)  equaled 15 percent. 
C)  had risen to nearly 50 percent. 
D)  had not changed appreciably.

Question 5

During Prohibition overdose and accidental poisoning due to alcohol _____ and the variation in the quality of alcohol  _______.

Accepted Answer

A)  fell; fell 
B)  fell; increased. 
C)  increased; fell. 
D)  increased; increased. 
A)  fell; fell 
B)  fell; increased. 
C)  increased; fell. 
D)  increased; increased.

Question 6

During Prohibition crime ____ and the amount spent on law enforcement ____.

Accepted Answer

A)  stayed roughly the same; remained level 
B)  increased dramatically; more than doubled 
C)  remained level; more than doubled 
D)  decreased slightly; more than doubled 
A)  stayed roughly the same; remained level 
B)  increased dramatically; more than doubled 
C)  remained level; more than doubled 
D)  decreased slightly; more than doubled

Question 7

_____ illustrates the speculative temper of the 1920s.

Accepted Answer

A)  The Ponzi scheme 
B)  The New York pyramid scandal 
C)  The Florida Land Boom 
D)  Both a and b are correct. 
E)  Both a and c are correct. 
A)  The Ponzi scheme 
B)  The New York pyramid scandal 
C)  The Florida Land Boom 
D)  Both a and b are correct. 
E)  Both a and c are correct.

Question 8

Which of the following best describes trends in unionization and immigration in the 1920s?

Accepted Answer

A)  Both decreased. 
B)  Both increased. 
C)  The number of new immigrants increased while the number of union members decreased. 
D)  The number of new immigrants decreased while the number of union members increased. 
A)  Both decreased. 
B)  Both increased. 
C)  The number of new immigrants increased while the number of union members decreased. 
D)  The number of new immigrants decreased while the number of union members increased.

Question 9

What best describes the reason for the large migration of African-Americans from the south to the north during the 1920s?

Accepted Answer

A)  This movement was just a continuation of the same trend that had been occurring in large scale since the end of the Civil War. 
B)  African-Americans moved north to reunite families that had been divided during the many years of slavery. 
C)  The African-Americans who had worked in the south had mostly been employed in the manufacturing sector, which suffered a downturn in the 1920s. 
D)  Employers in the North who had traditionally hired many immigrants had to search elsewhere when immigration restrictions were imposed. 
A)  This movement was just a continuation of the same trend that had been occurring in large scale since the end of the Civil War. 
B)  African-Americans moved north to reunite families that had been divided during the many years of slavery. 
C)  The African-Americans who had worked in the south had mostly been employed in the manufacturing sector, which suffered a downturn in the 1920s. 
D)  Employers in the North who had traditionally hired many immigrants had to search elsewhere when immigration restrictions were imposed.

Question 10

The 1920s were characterized by large numbers of bank failures each year, especially among country banks.  Country banks were particularly inclined to fail because

Accepted Answer

A)  they tended to open too many branches. 
B)  they were not allowed to issue checking accounts. 
C)  they were not allowed to join the Federal Reserve system. 
D)  farm mortgages constituted the major portion of their loans. 
E)  All of the above. 
A)  they tended to open too many branches. 
B)  they were not allowed to issue checking accounts. 
C)  they were not allowed to join the Federal Reserve system. 
D)  farm mortgages constituted the major portion of their loans. 
E)  All of the above.

Question 11

In the 1920s, the Federal Reserve followed a policy of _____ because it believed that the insolvent banks ____.

Accepted Answer

A)  letting insolvent banks fail; were too small to be profitable and were badly managed. 
B)  bailing out insolvent banks; too big to be allowed to fail. 
C)  letting insolvent banks fail; would be purchased by solvent banks anyway 
D)  bailing out insolvent banks; this was what the Federal Reserve had been founded to do 
A)  letting insolvent banks fail; were too small to be profitable and were badly managed. 
B)  bailing out insolvent banks; too big to be allowed to fail. 
C)  letting insolvent banks fail; would be purchased by solvent banks anyway 
D)  bailing out insolvent banks; this was what the Federal Reserve had been founded to do

Question 12

Which of the following is not accurate about the roles of women in the 1920s?

Accepted Answer

A)  There was a large increase in the number of two earner families. 
B)  Women gained the right to vote. 
C)  There was an increase in educational opportunities for women. 
D)  Women gained a significant amount of cultural and social freedom. 
A)  There was a large increase in the number of two earner families. 
B)  Women gained the right to vote. 
C)  There was an increase in educational opportunities for women. 
D)  Women gained a significant amount of cultural and social freedom.

Question 13

During Prohibition the consumption of alcohol _____ and the crime rate _______.

Accepted Answer

A)  fell; fell 
B)  fell; increased 
C)  increased; fell. 
D)  increased; increased. 
A)  fell; fell 
B)  fell; increased 
C)  increased; fell. 
D)  increased; increased.

Question 14

During the stock market boom of the late 1920s stock prices ______.

Accepted Answer

A)  rose at about the same rate as dividends. 
B)  rose faster than dividends. 
C)  rose more slowly than dividends. 
D)  there is, surprisingly, not enough information to know what happened to prices  relative to dividends. 
A)  rose at about the same rate as dividends. 
B)  rose faster than dividends. 
C)  rose more slowly than dividends. 
D)  there is, surprisingly, not enough information to know what happened to prices  relative to dividends.

Question 15

Which of the following is least accurate about the period between the end of World War I and 1930?

Accepted Answer

A)  African Americans migrated in large scale from the north to the south. 
B)  There was a significant increase in activity by the Ku Klux Klan. 
C)  A Constitutional Amendment gave women the right to vote. 
D)  A Constitutional Amendment prohibited the manufacture, distribution, and sale of intoxicating liquor. 
A)  African Americans migrated in large scale from the north to the south. 
B)  There was a significant increase in activity by the Ku Klux Klan. 
C)  A Constitutional Amendment gave women the right to vote. 
D)  A Constitutional Amendment prohibited the manufacture, distribution, and sale of intoxicating liquor.

Question 16

What method was not used by the US between 1880 and 1920 to limit the number of immigrants?

Accepted Answer

A)  Outlawing the practice of prepaying the cost of an immigrant's voyage in exchange for future labor services. 
B)  Implementing a financial test for potential immigrants. 
C)  Utilizing a literacy test for potential immigrants. 
D)  Allowing only immigrants who had family members in the US to come in. 
A)  Outlawing the practice of prepaying the cost of an immigrant's voyage in exchange for future labor services. 
B)  Implementing a financial test for potential immigrants. 
C)  Utilizing a literacy test for potential immigrants. 
D)  Allowing only immigrants who had family members in the US to come in.

Question 17

Research by Warburton, and more recently Miron and Zwiebel on alcohol consumption during and after prohibition indicates that

Accepted Answer

A)  the demand for alcohol is fairly price inelastic. 
B)  the demand for alcohol is fairly income inelastic. 
C)  the demand for alcohol is fairly price elastic. 
D)  the demand for alcohol has a price elasticity of zero. 
A)  the demand for alcohol is fairly price inelastic. 
B)  the demand for alcohol is fairly income inelastic. 
C)  the demand for alcohol is fairly price elastic. 
D)  the demand for alcohol has a price elasticity of zero.

Exam 22: The Roaring Twenties

What is the best description of the US economy between 1921 and 1928?

Which of the following is not accurate about the 1920s?

For the first time in the nation's history, by 1920 over ____ percent of the population were urban dwellers.

In 1910, 8.6 percent of American 17-year olds were high school graduates. By 1938, this figure _____.

During Prohibition overdose and accidental poisoning due to alcohol _____ and the variation in the quality of alcohol _______.

During Prohibition crime ____ and the amount spent on law enforcement ____.

_____ illustrates the speculative temper of the 1920s.

Which of the following best describes trends in unionization and immigration in the 1920s?

What best describes the reason for the large migration of African-Americans from the south to the north during the 1920s?

The 1920s were characterized by large numbers of bank failures each year, especially among country banks. Country banks were particularly inclined to fail because

In the 1920s, the Federal Reserve followed a policy of _____ because it believed that the insolvent banks ____.

Which of the following is not accurate about the roles of women in the 1920s?

During Prohibition the consumption of alcohol _____ and the crime rate _______.

During the stock market boom of the late 1920s stock prices ______.

Which of the following is least accurate about the period between the end of World War I and 1930?

What method was not used by the US between 1880 and 1920 to limit the number of immigrants?

Research by Warburton, and more recently Miron and Zwiebel on alcohol consumption during and after prohibition indicates that

Growth, Welfare, and the American Economy

Founding the Colonies

Colonial Economic Activities

The Economic Relations of the Colonies

Economic Progress and Wealth

Three Crises and Revolt

Hard Realities for a New Nation

Land and the Early Westward Movements

Transportation and Market Growth

Market Expansion and Industry in First Transition

Labor During the Early Industrial Period

Money and Banking in the Developing Economy

The Entrenchment of Slavery and Regional Conflict

War, Recovery, and Regional Divergence

Agricultures Western Advance

Railroads and Economic Change

Industrial Expansion and Concentration

The Emergence of Americas Labor Consciousness

Money, Prices, and Finance in the Postbellum Era

Commerce at Home and Abroad

World War I, 1914-1918

The Great Depression

The New Deal

World War Ii

The Changing Role of the Federal Government

The Changing Role of the Federal Government: Consumer Safety, Agriculture, the Environment, and Housing

Monetary Policy, Fiscal Policy, and the Business Cycle After World War Ii

Manufacturing, Productivity, and Labor

Achievements of the Past, Challenges for the Future

Filters

During Prohibition overdose and accidental poisoning due to alcohol _ and the variation in the quality of alcohol ___.

During Prohibition crime and the amount spent on law enforcement .

In the 1920s, the Federal Reserve followed a policy of _ because it believed that the insolvent banks .

During Prohibition the consumption of alcohol _ and the crime rate ___.