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Test: Depth study D: The United States, 1919–41 - Year 11 MCQ


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10 Questions MCQ Test - Test: Depth study D: The United States, 1919–41

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Test: Depth study D: The United States, 1919–41 - Question 1

Many people were tempted to buy shares traded on the New York Stock Exchange using the "on the margin system". What did this mean?

Detailed Solution for Test: Depth study D: The United States, 1919–41 - Question 1
Many people, who had not been involved with the stock market before, were encouraged to buy, believing that the boom in share prices was bound to continue
Test: Depth study D: The United States, 1919–41 - Question 2

Which group of Americans had invested in new land and equipment in order to export to Europe during the Great War, and then found themselves often bankrupt when the war ended?

Detailed Solution for Test: Depth study D: The United States, 1919–41 - Question 2
This group never benefited from the 1920s economic boom, and suffered even worse when it came to an end. Many had borrowed heavily during the war, and found it hard to repay these loans after 1918
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Test: Depth study D: The United States, 1919–41 - Question 3

Which of the following list of US presidents during this period was not a Republican?

Detailed Solution for Test: Depth study D: The United States, 1919–41 - Question 3
Republicans were opposed to any state interference in the economy, believing that any problems would iron themselves out naturally
Test: Depth study D: The United States, 1919–41 - Question 4
Which US businessman of this era was most closely identified with mass production, which led to cheaper goods and - temporarily - to more employment?
Detailed Solution for Test: Depth study D: The United States, 1919–41 - Question 4
Many factories had assembly lines, with each worker carrying out only one or two tasks before the product moved on to the next stage
Test: Depth study D: The United States, 1919–41 - Question 5
Which of the following is an example of a declining industry, which was unable to benefit from the new ideas that circulated in the 1920s, and which therefore declined further?
Detailed Solution for Test: Depth study D: The United States, 1919–41 - Question 5
Well before the great crash of 1929 not all of America's old, traditional industries prospered
Test: Depth study D: The United States, 1919–41 - Question 6
Which method of purchase became popular in the US before 1929, whereby buyers obtained a loan from the retailer in order to complete the transaction?
Detailed Solution for Test: Depth study D: The United States, 1919–41 - Question 6
Failure to maintain instalments meant forfeiture of the goods, no matter how much of the price had been already paid
Test: Depth study D: The United States, 1919–41 - Question 7
What was the minimum registered unemployment figure in the US throughout the 1920s?
Detailed Solution for Test: Depth study D: The United States, 1919–41 - Question 7
Even during the boom years there was never full employment in the US
Test: Depth study D: The United States, 1919–41 - Question 8
What nickname was given to the 1920s decade, suggesting a furious pace of life and rapid changes?
Detailed Solution for Test: Depth study D: The United States, 1919–41 - Question 8
There was a boom in consumer goods, and much disposable income was spent on entertainment
Test: Depth study D: The United States, 1919–41 - Question 9
Black Americans missed out on the 1920s spree, but they had always experienced discrimination - so this was nothing new. Which laws discriminated against them, particularly in voting rights?
Detailed Solution for Test: Depth study D: The United States, 1919–41 - Question 9
Black Americans suffered a high rate of unemployment, and were lower paid - even if they had jobs
Test: Depth study D: The United States, 1919–41 - Question 10
During this period United States governments imposed taxes on the import of foreign goods in order to protect the domestic market. What were such duties called?
Detailed Solution for Test: Depth study D: The United States, 1919–41 - Question 10
Foreign states replied in kind: thus the US found it harder to export its surplus goods abroad, leading to greater unemployment
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