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7. the dawes plan was created to a. rebuild european economies b. reduc…

Question

  1. the dawes plan was created to

a. rebuild european economies
b. reduce immigration
c. regulate trade unions
d. end prohibition

  1. henry ford’s moving assembly line helped

a. increase production costs
b. limit competition
c. slow production
d. reduce car prices

  1. the radio was important in the 1920s because it

a. replaced newspapers
b. connected americans to shared culture
c. discouraged advertising
d. weakened national identity

  1. andrew mellon believed lowering taxes would

a. reduce spending
b. help labor unions
c. increase consumer spending
d. weaken businesses

  1. mellon’s economic ideas are known as

a. socialism
b. cooperative individualism
c. supply - side economics
d. demand - side economics

  1. herbert hoover believed the government should

a. socialism
b. cooperative individualism
c. supply - side economics
d. demand - side economics

  1. what helped create a consumer society in the 1920s?

a. higher wages and consumer credit
b. longer workdays
c. strict banking laws
d. declining incomes

Explanation:

Brief Explanations
  1. The Dawes Plan was designed to address Germany's war reparations and stabilize European economies after WWI.
  2. Ford's moving assembly line streamlined production, cutting costs, which allowed lower car prices.
  3. 1920s radios broadcasted national content, uniting Americans through shared cultural experiences.
  4. Andrew Mellon's tax cut theory held that more disposable income would boost consumer spending.
  5. Mellon's focus on cutting taxes for businesses/wealth to drive growth defines supply-side economics.
  6. Herbert Hoover promoted cooperative individualism, where businesses and citizens collaborate without heavy government intervention.
  7. Higher wages gave people spending power, and consumer credit let them purchase goods upfront, fueling the 1920s consumer society.

Answer:

  1. A. rebuild European economies
  2. D. reduce car prices
  3. B. connected Americans to shared culture
  4. C. increase consumer spending
  5. C. supply-side economics
  6. B. cooperative individualism
  7. A. Higher wages and consumer credit