To begin with, my question is NOT about the reasons of "the great depression" or "market crash" which led to the great depression.
Rather, my question is about the reasons for the 'excessive cash liquidity' which resulted in 'market crash in 1929'. Traditional patterns tends to reflect cash liquidity distribution somewhat even across different sectors. How liquidity during 1920's in USA stands different was that, the sectors like Consumer Price Index is constantly DEFLATIONARY in the same decade when share market(and only share market) was extremely inflationary.
1970's : CPI inflationary : Other sectors inflationary(caused bubble burst)
1990's : CPI inflationary : Tech market inflationary(caused bubble burst)
2000's : CPI inflationary : Housing market inflationary(caused bubble burst)
1920's : CPI DEFLATIONARY : Equity market inflationary(caused bubble burst)
To simplify, my question is, what caused 1920's stock market inflation(presumably due to excessive liquidity) at the same time period when CPI was DEFLATIONARY(enough money was not present/spend in sector).
I am not educated in economics. I follow the subject only because it interests me. I work in a totally different field of study and thereby please excuse my ignorance about the subject for where ever I went wrong :).
thanks in advance.