the prosperity of the boom years led to the extravagant lifestyle for the wealthy which eventually led to the collapse of the wa

Question

Minchanka [31]

3 years ago

11

the prosperity of the boom years led to the extravagant lifestyle for the wealthy which eventually led to the collapse of the wa

ll Street stock market

History

1 answer:

inessss [21] · Answer 1 · 2022-01-15T23:08:26+03:00

Personally, I wouldn't agree with that statement.

The collapse of the stock market mainly caused by the Federal Banks that keep allowing the loan for the people who wanted to keep investing in the real estate even though there is no actual increase in real estate value.
This cause the people trapped into a massive debt without having any value in assets as a form of return