Question 1
Question
What natural resources did the USA have?
Answer
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Oil
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Coal
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Iron
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Farmland
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Fairy dust
Question 2
Question
What are 'core goods'?
Question 3
Question
Where did the US sell its manufactured goods?
Answer
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South America
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Europe
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The Far East
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The Moon
Question 4
Question
The USA stayed out of World War One.
Question 5
Question
The USA was not seriously affected by World War One.
Question 6
Question
The USA was made rich by World War One.
Question 7
Question
Why did the USA do so well economically from World War One?
Answer
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It conquered Germany and took its land.
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It made massive war loans to France and Britain, which they had to pay back after the war.
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They sold arms and munitions to the Allies.
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They sold food to the Allies.
Question 8
Question
What technological innovations further helped industry in the US?
Answer
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The spread of electrification.
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Development of computers.
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New materials like plastics.
Question 9
Question
What are the names of the two political parties in the USA
Answer
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Republicans
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Tories
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Democrats
Question 10
Question
Which party were in power for the whole of 1920-1932?
Question 11
Question
What, economically, is a 'laissez faire' attitude?
Answer
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Treating all people in an equal manner
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The government should take a strong role in the economy
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Industry should be left alone to make money for the country
Question 12
Question
A tariff is a charge on imported goods.
Question 13
Question
Were the Republicans in favour of low or high taxation?
Question 14
Question
Trusts were large businesses run by people like Carnegie and Rockefeller. What were these people sometimes known as?
Answer
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Industrial generals
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Captains of industry
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Business barons
Question 15
Question
Why did the Republicans allow the creation of trusts?
Question 16
Question
What is mass production?
Answer
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Having one person make all of something
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Making money by producing goods at a higher price
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Using new production methods to make lots of one product cheaply
Question 17
Question
What is the best example of mass production?
Answer
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Radio manufacture
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Car manufacture
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Fridge manufacture
Question 18
Question
Who was responsible for the first production line car factory?
Answer
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Ford
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Chrysler
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Daimler-Benz
Question 19
Question
Between 1908 and 1925 how many Model-T Fords were produced?
Answer
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500,000
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1.5 million
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15 million
Question 20
Question
What is Hire-Purchase (HP)?
Answer
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Buying goods on credit ('buy now pay later')
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Using savings to pay for goods
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Renting something cheaply, then selling it on