Do your own homework
I'll give you a hint. The country didn't really have more money, people were just spending more money and paying in installments.
The 1920's were NOT the most prosperous for the US. Exactly the opposite. The 1920's were the second best era for businesses and banks within the US, second only to the time we're living in now. The people were losing pay, losing jobs, losing homes, just like they are now. As businesses did better they cut the less fortunate off, the result was the dirty 30's. That's exactly where America is headed now, research the 1930's, then imagine that compounded by a factor of a few hundred and say hello to the 2013 collapse.
I would not put it quite the same way, but much of this alings with my thinking about that decade. Anecdotal evidence is the slogan from Hurbert Hoover's 1928 campaign "a chicken in every pot."
It was caused by credit supplied by the fed not actual economic growth.
I think you're being silly lass
Study the 1930's for that answer.
Q on your homework?
The great depression that followed it