To supplement the first answer posted above, a more "visual" approach is given below.
Assume the following notation:
$\displaystyle C_r= {^nC_r}=\binom nr$
From the identity $\displaystyle \binom nr+\binom n{r+1}=\binom {n+1}{r+1}$
we have $\displaystyle C_r+C_{r+1}= {^{n+1}C_{r+1}}$
Hence
$$\begin{align}
&\quad\bigg(1+\frac{C_0}{C_1}\bigg)
\bigg(1+\frac{C_1}{C_2}\bigg)
\bigg(1+\frac{C_2}{C_3}\bigg)
\cdots
\bigg(1+\frac{C_{n-1}}{C_{n}}\bigg)\\
&=
\bigg(\frac{C_0+C_1}{C_1}\bigg)
\bigg(\frac{C_1+C_2}{C_2}\bigg)
\bigg(\frac{C_2+C_3}{C_3}\bigg)
\cdots
\bigg(\frac{C_{n-1}+C_n}{C_n}\bigg)\\
&=
\frac{^{n+1}C_1}{\;\;^nC_1}\cdot
\frac{^{n+1}C_2}{\;\;^nC_2}\cdot
\frac{^{n+1}C_3}{\;\;^nC_3}\cdot
\cdots \cdot
\frac{^{n+1}C_n}{\;\;^nC_n} \\
&\color{lightgray}{=
\frac{\frac{n+1}1} {\frac n1}\cdot
\frac{\frac{(n+1)n}{2}}{\frac{n(n-1)}{1\cdot 2}}\cdot
\frac{\frac{(n+1)n(n-1)}{1\cdot 2\cdot 3}}{\frac{n(n-1)(n-2)}{1\cdot 2\cdot 3}}\cdot\cdots\cdot
\frac{\frac{(n+1)n(n-1)\cdots 2}{1\cdot 2\cdot 3\cdots n}}{\frac{n(n-1)(n-2)\cdots 1}{1\cdot 2\cdots n}}}\\
&=
\frac{n+1}n\cdot
\frac{n+1}{n-1}\cdot
\frac{n+1}{n-2}\cdot\cdots\cdot
\frac{n+1}{1}\\
&=\frac{(n+1)^n}{n!} \qquad\blacksquare
\end{align}$$