PTE Academic reading writing fill in the blanks practice exercise PTE Academic reading writing fill in the blanks practice exercise. Below is text with blanks. From the boxes given below, choose the correct word for each blank to complete the text.
1. Read the passage and answer the following question.
The “Roaring Twenties” was a period when American economy flourished tremendously. The nation’s total realized income rose from $75 billion in 1923to $90 billion in 1929. During the economic ………………of the “Roaring Twenties”, Jazz age challenged the ………………. values of rural America, symbolized by women smoking, drinking and wearing short skirts. Fashion clubs, kitty parties, late night ballet dances were the common life styles of the rich classes and the middle classes were envying the rich to maintain the false respect in the society. The average Americans were busy buying household appliances, automobiles and investing money in the stock market to make huge profits. The American youth were ………………. to get rich overnight and the success mania boosted trade and commerce. The banks were liberal in granting loans and the easy liquidity propelled the bullish phase of the American stock market. Even the poor Americans raised money on loan and invested in the stock market for easy money earnings. The rewards of the 1920s “Coolidge Prosperity” were not equally shared among all Americans. Henry Ford and other business magnates were aware of the inequitable distribution of income between the rich and the poor. The ……………….. point of the economy was visible but nobody dared to calculate the repercussions of the fallout.
1. DEPRESSION , CYCLES , BOOM ,TRENDS ,INFLATION