During the stock market boom of the late 1920s stock prices ______.
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 pricesrelative to dividends
Question 2Eli Whitney is most noted for
a. inventing the steam engine.
b. inventing the cotton gin.
c. inventing the technology for the first railroad engine.
d. developing the Erie Canal.
Question 3_____ illustrates the speculative temper of the 1920s.
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 4Northeastern farmers responded to increasing western competition in the 1800s by
a. reducing grain cultivation.
b. increasing production of dairy products.
c. growing hay to feed city horses.
d. moving to the city or the West.
e. All of the above.
Question 5In the 1920s, the Federal Reserve followed a policy of _____ because it believed that the insolvent banks ____.
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 6In the antebellum period, the Old Northwest became the leading producer of
a. fresh fruits and vegetables.
b. cotton.
c. pork.
d. dairy products.
Question 7Although 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?
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 8During the antebellum period, the Old Northwest became the leading producer of
a. corn.
b. wheat.
c. hogs.
d. All of the above.
Question 9The best explanation for the end of free immigration in the 1920s is _____.
a. the belated recognition that immigrants remitted large sums of money to their homelands undermining the balance of payments
b. the fear that America would be deluged by immigrants fleeing the war devastated economies of central and eastern Europe
c. the growing realization that free immigration produced a burdensome increase in welfare roles
d. the growing realization that free immigration undermined the incomes of blacks and women
Question 10The majority of immigrants coming to the U.S. in the 1840s and 1850s were from
a. England and Scotland.
b. Italy.
c. Germany and Ireland.
d. France.
Question 11Which of the following groups were least likely to support restrictions on immigration?
a. Organizations like the Ku Klux Klan.
b. Unionized labor.
c. Employers.
d. The south.
Question 12The immigrants most likely to go directly to the lands in the West, rather than be absorbed into the eastern city populations, were from
a. England and Scotland.
b. Germany
c. Ireland.
d. France.
Question 13What method was not used by the US between 1880 and 1920 to limit the number of immigrants?
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.
Quick Reply
