Q.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?
  • Borrowing from banks to find the purchase price
  • Buying at a reduced price for a cash deal
  • Taking out an insurance policy against the possibility of the share value going down
  • Paying a reduced commission to the stockbroker in return for lower dividends
Q.2
Which of the following list of US presidents during this period was a Republican?
  • Harding
  • Woodrow Wilson
  • Hoover
  • Coolidge
Q.3
What was the minimum registered unemployment figure in the US throughout the 1920s?
  • 5 million
  • 2 million
  • 1 million
  • 7 million
Q.4
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?
  • Mail order
  • Hire purchase
  • Discounted buying
  • Using a credit card
Q.5
Which US businessman of this era was most closely identified with mass production, which lead to cheaper goods and - temporarily - to more employment?
  • Rockefeller
  • Carnegie
  • Dow
  • Henry Ford
Q.6
What nickname was given to the 1920s decade, suggesting a furious pace of life and rapid changes?
  • The Cool Twenties
  • The Fabulous Twenties
  • The Roaring Twenties
  • The Terrific Twenties
Q.7
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?
  • The Penal Laws
  • Old Squaw Laws
  • Jim Crow Laws
  • Uncle Tom Laws
Q.8
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?
  • Shipbuilding
  • Textiles
  • Shoemaking
  • Brewing
Q.9
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?
  • Levies
  • Tariffs
  • Emoluments
  • Fees
Q.10
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?
  • Coal owners
  • Steelmen
  • Arms manufacturers
  • Farmers
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