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They are closely related but both are result of the modern economy. People were spending more money than they made. Banks played a role in the Great Depression because banks were willing to loan money to people who could not pay the loan back. Then the US is coming out of the roaring twenties and people were living good, plus the US is coming out of the WWI and time were good.
The whole country is focused on getting rich quick enjoying the new fad of life, invention and new ideas. The old way of doing things was being replaced by the city-oriented Jazz Age. An example of this influence is the wearing of short skirts by women, makeup, smoking and drinking...
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