BOOMANDBUST
Boom and bust
In economics, the term Boom and bust describes a time period characterized by sustained increases in several economic indicators followed It is in reference The phrase “boom Times of increased business and investment have collapsed leaving widespread poverty such as the depressions of 1837 and For example, in the early 1800s in Ohio people were buying land on credit to sell at twice the price but land became too expensive to buy. At the same time, wheat prices became too low to transport wheat to market. Wheat was $1.50 per bushel in 1816; In 1894 someone wrote, “Of course it stood to reason that the music hall boom would bust sooner or later . . . In fact the ...The above text is a snippet from Wikipedia: Boom and bust
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