explain?The economic boom 1920s also known as the Roaring Twenties, was a period of unprecedented economic growth in the united states. it was a time of increased industrial production, mass consumptio, and rapid technological advancements. During this period, consumerism became a vital part of american culture. Speculation or the practice of buying and selling assets in the hope of profiting from fluctuations in their prices, was also rampant during the 1920s stock market was not regulated, and many people brought stocks on margin or with borrowed money, leading to the creation of a speculative bubble. Credit also played significant role in the economic boom of the 1920s. The introduction of installment plans and credit buying made it possible for more people to purchase consumer goods such as automobiles and appliances. However, many people took on too much debt, and when the economy began to falter, they were unable to pay their debts. The economic boom of the 1920s came to a crashing halt in 1929 with the stock market crash, which triggered the great deprission. The speculative bubble burst, causing stock prices to plummet and banks to fail. unemployment rates soared, and businesses closed, leadinf to a was a significant event in american history, and it brought about significant changes in economic policy and regulation.