Question 1

Union membership declined during the 1920s due to

Accepted Answer

A) the growth of the service sector. 
B) increased use of high-tech,labor-saving devices in the manufacturing sector. 
C) firms' use of "yellow-dog" contracts. 
D) poor union leadership. 
E) All of the above. 
A) the growth of the service sector. 
B) increased use of high-tech,labor-saving devices in the manufacturing sector. 
C) firms' use of "yellow-dog" contracts. 
D) poor union leadership. 
E) All of the above. E

Question 2

"Marriage bars"

Accepted Answer

A) became popular with "flappers" during prohibition. 
B) became more widespread in the 1920s 
C) forced female employees to leave work when they married. 
D) Both a and b are correct. 
E)  Both b and c are correct. 
A) became popular with "flappers" during prohibition. 
B) became more widespread in the 1920s 
C) forced female employees to leave work when they married. 
D) Both a and b are correct. 
E)  Both b and c are correct. E

Question 3

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

Accepted Answer

A

Question 4

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 5

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 6

According to recent research by Golden and Katz,__________ led the way in establishing high schools in the 1920s.

Accepted Answer

A) the urban centers of the North 
B) the mid-Atlantic states 
C) California 
D) the Middle West,including Iowa and Nebraska 
A) the urban centers of the North 
B) the mid-Atlantic states 
C) California 
D) the Middle West,including Iowa and Nebraska

Question 7

In the 1920s,American (non-farm)labor benefited from all of the following except:

Accepted Answer

A) low unemployment rates. 
B) falling weekly hours. 
C) legal limits on immigration. 
D) passage of federal minimum wage legislation. 
A) low unemployment rates. 
B) falling weekly hours. 
C) legal limits on immigration. 
D) passage of federal minimum wage legislation.

Question 8

_____ 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 9

Which of the following pieces of agricultural legislation might be thought of as a solution to a problem that did not exist?

Accepted Answer

A) the Federal Intermediate Credit Act 
B) the Smoot-Hawley Tariff Act 
C) the Agricultural Marketing Act 
D) the Capper-Volstead Act 
A) the Federal Intermediate Credit Act 
B) the Smoot-Hawley Tariff Act 
C) the Agricultural Marketing Act 
D) the Capper-Volstead Act

Question 10

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 11

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 12

Which of the following is most accurate about the economic conditions in the 1920s?

Accepted Answer

A) The large increases in demand for products generated significant cyclical unemployment. 
B) There was a significant decrease in the number of hours worked per week. 
C) Agriculture was the leading growth sector of the economy. 
D) The net migration pattern was from urban to rural. 
A) The large increases in demand for products generated significant cyclical unemployment. 
B) There was a significant decrease in the number of hours worked per week. 
C) Agriculture was the leading growth sector of the economy. 
D) The net migration pattern was from urban to rural.

Question 13

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 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

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 16

Eugene White's 1989 study did NOT find that

Accepted Answer

A) an increased willingness on the part of New York banks to supply call loans caused the bull market. 
B) interest rates on call loans increased by roughly 50% from 1922 to 1929. 
C) credit was being pulled into the stock market by rising interest rates on call loans. 
D) White's study found all of these things to be true. 
A) an increased willingness on the part of New York banks to supply call loans caused the bull market. 
B) interest rates on call loans increased by roughly 50% from 1922 to 1929. 
C) credit was being pulled into the stock market by rising interest rates on call loans. 
D) White's study found all of these things to be true.

Question 17

Although the McNary-Haugen bill never became law,it was widely discussed during the 1920s.Which of the following was NOT a provision of the bill?

Accepted Answer

A) government purchase of crops in order to raise agricultural prices 
B) government sale of excess crops on the world market 
C) payment for the program through capital gains taxes on business 
D) high tariffs on agricultural imports 
E) All of the above were provisions of the McNary-Haugen Bill. 
A) government purchase of crops in order to raise agricultural prices 
B) government sale of excess crops on the world market 
C) payment for the program through capital gains taxes on business 
D) high tariffs on agricultural imports 
E) All of the above were provisions of the McNary-Haugen Bill.

Question 18

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 19

Which of the following was not a major source of economic growth in the 1920s?

Accepted Answer

A) construction of residential housing 
B) production of consumer durables 
C) railroad construction 
D) automobile production 
A) construction of residential housing 
B) production of consumer durables 
C) railroad construction 
D) automobile production

Question 20

The ownership of radios increased from ___ percent in 1920 to ___ percent in 1930.

Accepted Answer

A) 10;70 
B) 5;10 
C) less than one;40 
D) Radio was not popularized beyond hobbyists until the 1930s 
A) 10;70 
B) 5;10 
C) less than one;40 
D) Radio was not popularized beyond hobbyists until the 1930s

Exam 22: The Roaring Twenties

Union membership declined during the 1920s due to

"Marriage bars"

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

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

According to recent research by Golden and Katz,__________ led the way in establishing high schools in the 1920s.

In the 1920s,American (non-farm)labor benefited from all of the following except:

_____ illustrates the speculative temper of the 1920s.

Which of the following pieces of agricultural legislation might be thought of as a solution to a problem that did not exist?

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

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

Which of the following is most accurate about the economic conditions in the 1920s?

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

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

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

Eugene White's 1989 study did NOT find that

Although the McNary-Haugen bill never became law,it was widely discussed during the 1920s.Which of the following was NOT a provision of the bill?

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

Which of the following was not a major source of economic growth in the 1920s?

The ownership of radios increased from ___ percent in 1920 to ___ percent in 1930.

Economic History

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 Western Movements

Transportation and Market Growth

Market Expansion 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

Mobilizing for War

The Great Depression

The New Deal

World War II

The Changing Role of the Federal Government

Government the Business Cycle After World War II

Manufacturing, Productivity, and Labor

Achievements of the Past, Challenges for the Future

Filters

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

The ownership of radios increased from _ percent in 1920 to _ percent in 1930.