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Which statement BEST identifies a positive effect of westward expansion in the years before the Civil War?
Westward expansion led to an economic "boom" in the Midwest, as new cities and markets were connected by rail and canals.
What are the two main phases of a business cycle?
contraction and expansion.
What is true in a boom bust cycle?
When the number of plants decrease, the number of animals decrease.
How did comstock Lode affect the westward expansion?
The Comstock Lode affected the westward expansion by causing many prospectors and novices to leave the east and come out west. This new gold boom caused the state of Nevada to grow significantly.
True or false a expansion of the economy always follows a peak or boom?
The simple answer to this questions is False. In economics you learn the ideal of a business cycle, which is the layout for economic cycles. The cycle represents a wave in a visual representation. A peak or boom is the point at which the GDP is maximized; this is then followed by a recession where the GDP is in decline. To follow the recession you have a trough cycle, which is the point where GDP is minimized. To follow the trough you have a recovery cycle where the GDP is in incline to the point of the peak or boom. So to answer the question in an economic business cycle term an expansion follows a trough in the economy and actually leads to a peak or boom.
What is the cycle of a boom town?
The term boom and bust cycle is used in finance. One thing which is true in a boom and bust cycle is that there is always a contracting and expanding economic expansion.
The business cycle goes from boom to recession to and back to boom.?
Depression.
What mining cycle was repeated throughout the west?
The cycle of boom and bust.
What is the boom period?
The Boom Period is a part of the business cycle where there is a continuous growth in the economy.
When was boom and bust cycle discovered?
1600s
What does boom bust cycle mean?
h
In business cycle what is a boom?
business is good
