15
QuizMultiple Choice

American Life in the Great Depression — Unit test

Question 15 • AVAHS 26-27 CCPS SS US History Gr 11 (45.0810000) YL IC (Fall)

Which best describes what people could buy on credit in the 1920s?

Answer
A
People could buy only expensive goods, such as cars.
B
People could buy stocks and goods from most stores.
C
People could not buy stocks but could buy expensive items.
D
People could buy only essential goods from limited stores.

Explanation

In the 1920s, buying on credit became common: consumers could purchase many goods from stores and pay over time. Investors also bought stocks on margin, borrowing money to pay part of the purchase price. So the best choice is “People could buy stocks and goods from most stores.”

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