Question: What did President Coolidge mean when he said "the chief business of the American people is business"?

Answer: The government should be business-friendly.

Question: Which of these reasons was key to Coolidge's victory in the 1924 presidential election?

Answer: Democratic Party supporters were split in the North and South.

Question: Why did so many people invest in the stock market in the 1920s?

Answer: They could buy stocks "on the margin," so they needed less initial capital.

Question: In the presidential election of 1928, which of these actions played a large role in Hoover's victory?

Answer: support from voters in the southern states

Question: What was a characteristic of American companies in the 1920s?

Answer: They were motivated and eager to enter foreign markets.

Question: What effect did the Revenue Act of 1926 have on Americans?

Answer: It increased the purchasing power of rich Americans.

Question: What was the purpose of the Fordney-McCumber Tariff?

Answer: to raise import duties to protect US businesses

Question: Who did the McNary-Haugen Bill help?

Answer: farmers

Question: What is Fordism?

Answer: adoption of the assembly-line technology for mass production