Following Smelser's value-added theory, why wouldn't we expect a poor, third-world nation based on a barter economy to develop mass hysteria over stock market problems like the U.S. did in the 1920s?

Question

Quizplus · Accepted Answer

Smelser's value-added theory proposes that certain conditions must be present for collective behavior, such as mass hysteria, to occur. The four conditions are structural conduciveness, structural strain, generalized belief, and the absence of social control. In a poor, third-world nation based on a barter economy, there would be a lack of structural conduciveness for mass hysteria over stock market problems because such a society likely does not have a developed stock market or financial system. Thus, there would be no structural opportunity or resources that people could use to vent their discontent, which is necessary for mass hysteria to occur.

Following Smelser's Value-Added Theory, Why Wouldn't We Expect a Poor