9
lesson pretestMultiple Choice

Pretest

Question 9 • US History Studies Since 1877

Which best explains why people failed to make their promised payments on items during the 1920s?

Answer
A
They bought on margin.
B
They bought too much.
C
They bought too little.
D
They speculated.

Explanation

During the 1920s, many people bought consumer goods using installment plans, agreeing to pay over time. They often took on more purchases and debt than they could afford, so they failed to make the promised payments. “They bought too much” best explains this; buying on margin and speculation mainly refer to investing in stocks.

AI-written and checked against the verified answer.

Previous
Next