Agree or disagree"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? "

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.

what are local authorities doing to fix the problem

explanation:

the installment plan of the 1920s, an arrangement that allowed people to buy what they wanted with a small down payment and pay off the rest in monthly installments, provided americans a way to own what they did not have the money to buy.