Question

which of the following explains how a booming economy in the 1920s helped cause the crash of 1929? increased demand caused the price of oil to skyrocket. a backlash against consumerism caused spending to slow down. too many construction projects caused a shortage of materials. increased consumer confidence pushed stock prices too high.

Explanation:

In the 1920s, the booming economy led to over - optimism among consumers. This high consumer confidence contributed to a speculative bubble in the stock market, pushing stock prices far above their actual value. When the bubble burst, it led to the stock market crash of 1929. The other options do not directly relate to the causes of the 1929 crash in the context of the booming 1920s economy.

Answer:

Increased consumer confidence pushed stock prices too high.