Question

5 points

400
350
300
250
200
150
100
50
0
Wilson Warren Herding
Indicates a recession
Prohibition begins
Women's suffrage amendment
First national radio station
Calvin Coolidge
Mass production of radio
First recket
Teapot Dome Scandal begins
Automatic bread-slicer invented
First "talkie"
Lindbergh light
First public demonstration of TV
First color movies
1920 1921 1922 1923 1924 1925
1
Hoover
381.17
1929 Crash
198.69
"New Era" bull market
1926 1927 1928 1929
350
300
250
200
150
100
50
Which of the following BEST describes the economic climate during Harding's presidency?
Stagnant economy-neither growth nor decline
Severe economic depression due to a stock market crash
Slow but steady economic growth after an economic recession ended in 1921
"New Era" bull market

Answer 1

The economic climate during Harding's presidency was characterized by slow but steady economic growth after an economic recession in 1921.

Step-by-step explanation:

The economic climate during Harding's presidency can be described as slow but steady economic growth after an economic recession ended in 1921. This period was known as the "New Era" bull market. While there were some setbacks, such as the Teapot Dome Scandal, overall the economy experienced growth and expansion, especially in industries like mass production of radio and the invention of the automatic bread-slicer.

Learn more about economic climate during Harding's presidency