Question

Which of the following contributed to the economic growth under president Calvin Coolidge? Select the two that apply.

a. an increase in the production of consumer goods by factories
b. careful government regulation of business
c. an increase in the number of stocks bought and sold by the public
d. discouraging the accumulation of debt

Answer 1

a and c.

- a: Mass production of consumer goods (autos, appliances) drove industrial growth and consumer spending.
- c: A booming stock market and increased public trading/investment helped fuel economic expansion (and speculative excess).