The prosperity of the boom years led to the extravagant lifestyles for the wealthy which eventually led to the collapse of the wall steet crash
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Answer:
Prosperity of the boom years and the extravagant lifestyles for the wealthy has nothing to do with the collapse of the wall street crash. It happens usually poor lending policies and over estimations of properties, people lend money and buy property which dry up available balance and the economy bubble burst like 2009 recession happens due to such lending and policies and property dealings. Wealthy people have nothing to do with it.
No.
Wealth is the result of the cycles in the economy. Exactly when the macros are great, nudged by available credit and new development, another time of people will finish up wealthy. It's the time when the macros become negative for most, which more regularly than rejects a vanishing of open credit and an air take outlines from an overcheck of the essentialness of new advancement that business segments and economies breakdown.
The 1929 mishap was proceeding with confidence in another street light all over the place. You see the theme all through 1920 in workmanship and composing. The Great Gatsby was a perfect instance of what may happen if people had 24-hour lights. You'd probably attract daisy. Clearly, this air takes couldn't be upheld. moreover, down the ship went.