I agree that the prosperity of the"boom years",led to the extravagant lifestyles for the wealthy which eventually led to the collapse of the wall street stock market."
At the time of the stock market crash in 1929, New York City had increased to become one of the most important metropolis, and its Wall Street district became one of the world's leading financial centers. The Roaring Twenties, prior ot the crach, marked a time of prosperity and excess in the city, and in spite of warnings concerning speculation, several believed that the market could sustain high price levels.
