Consumerism during 1924-1929 led to significant stock market growth and subsequent crash due to consumer behavior influencing market fluctuations.
Consumerism influenced the stock market growth most notably between 1924-1929. During this period, there was a significant increase in stock prices, especially post-1924, as the economy boomed due to consumer spending and increased industrial production.
The stock market crash of 1929 marked the end of this rapid growth, leading to a severe downturn, with the market losing about half its value. This demonstrates the impact of consumer behavior on stock market fluctuations.
Historical trends show how consumer confidence can drive market growth and subsequent corrections, emphasizing the interconnectedness of economic factors with societal patterns and behaviors.
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