5. Which statement best describes installment plans? (5 points) Consumers made small, regular payments on large purchases. Consu
mers saved small amounts each month toward a large purchase. Businesses paid workers each week for work they had completed. Businesses had workers install the same piece on every product. 6. Which of these most contributed to the economic boom of the early 1920s? (5 points) increased consumerism low unemployment free trade low agricultural prices 7. What was the long-term effect of speculation on Florida? (5 points) Many people could no longer afford to live there. Investors moved to the state permanently. Residents' wages grew to keep up with rising rents. The government taxed property and income at high rates. 8. The introduction of which of the following most contributed to declining automobile prices during the 1920s? (5 points) protective tariffs consumer advertisements installment plans assembly lines 9. Which of these had the greatest effect in ending the Florida land boom? (5 points) decreased tourism and high taxes stalled road and railway construction speculation and high land prices poor weather and natural disasters 10. How did the introduction of the assembly line affect Ford's factory workers? (5 points) Workers stopped trying to win better wages through unions. Workers' jobs became more complex and interesting. Workers had easier jobs and shorter hours. Workers made less money despite learning new skills. 11. What was one effect of the popularity of the automobile on the U.S. economy? (5 points) Factory workers experienced declining wages and longer working hours. Tourism declined as drivers quickly tired of heavy road traffic. More workers were needed in industries that made related parts. Fewer people took on consumer debt to save up to buy a car. 12. During the 1920s, what was the goal of the United States' tariffs? (5 points) help European government repay their war debts keep foreign workers from replacing U.S. workers encourage U.S. manufacturers to trade with Europe protect U.S. businesses from competition 13. How did Coolidge's economic policies relate to Harding's? (5 points) Like Harding, Coolidge wanted to help workers' rights. Unlike Harding, Coolidge worked to raise falling crop prices. Like Harding, Coolidge tried to keep government out of business. Unlike Harding, Coolidge believed in limited government regulation of business. 14. What was one long-term effect of high United States tariffs? (5 points) European nations increased trade with the United States. The global economy declined because of lowered trade. U.S. manufacturers reached new markets in Europe and Asia. Consumers began buying fewer domestically-made goods. 15. Which area of the economy benefited from the policies of the Harding administration? (5 points) labor unions foreign governments domestic businesses agricultural producers
Here are the answers:
5. Consumers small, regular payments on large purchases.
6. Increase in consumerism.
7. Many people could no longer afford to live there.
8. Assembly lines
9. Decrease tourism and high taxes.
10. Workers stopped trying to win better wages through unions.
11. More workers were needed in industries that msde related parts.
12. Protect U.S. business from competition.
13. Like Harding, Coolidge tried to keep government out of business.
14. The global economy declined because of lowered trade.
15. Domestic businesses.
The rivalry between Spain and Portugal in the "Age of Discovery" caused Spain, a rising power, to seek a new route to Asia like the one Portugal had found around the southern tip of Africa. This led Spain to be receptive to the claims of Christopher Columbus that he could get to India by sailing west.
