Question

in october 1929, the stock market crashed. on \black tuesday,\ stock prices plummeted, and many investors lost everything. this crash did not cause the great depression on its own, but it exposed and worsened existing problems in the economy. banks failed, businesses closed, and millions lost their jobs. the crisis in the united states quickly spread overseas, as global trade collapsed and countries around the world faced economic hardship.

fill in the blank: fill in the blank with the correct words.

word bank: 1929, banks, credit, spread, margin

1. many americans bought goods during the 1920s using __________ instead of cash.
2. the stock market crash happened in october __________.
3. when people buy stocks with borrowed money, it is called buying \on __________.\
4. after the stock market crash, many __________ failed, causing people to lose their savings.
5. the economic crisis in the united states quickly __________ to other countries

Explanation:

1. In the 1920s, consumer credit became widespread, allowing people to purchase goods without cash upfront.
2. The passage explicitly states the stock market crash occurred in October 1929.
3. Buying stocks with borrowed money is a financial practice called buying "on margin".
4. The passage notes that after the crash, banks failed, leading to lost savings for many people.
5. The text explains the U.S. economic crisis quickly spread to other countries as global trade collapsed.

Answer:

1. credit
2. 1929
3. margin
4. banks
5. spread