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1. people were greedy and wanted more

2. Too many people were looking for it - it was over crowded

3. The chance you found something was very very slim, but people wanted to become 'rich'

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What were 4 problems caused by the mining boom?

1. people were greedy and wanted more 2. Too many people were looking for it - it was over crowded 3. The chance you found something was very very slim, but people wanted to become 'rich'


What problems were caused by mining booms?

The beurocracy didn't like poor people having money as they may have revolted and overthrown the oligarchs.


When mining booms were followed by busts boom towns turned into what?

Ghost towns


How did the mining industry affect the boom-bust cycle of towns in the west?

The mining industry significantly contributed to the boom-bust cycle of Western towns by attracting large populations during mineral discoveries, leading to rapid economic growth and infrastructure development. However, once resources were depleted or mining operations became unprofitable, these towns often experienced dramatic declines, resulting in abandoned buildings and economic downturns. The volatility of mineral prices and the finite nature of mining resources exacerbated this cycle, leaving many communities reliant on a single industry vulnerable to collapse. Consequently, the mining boom fueled both prosperity and hardship in the West.


What is a mining bust?

The mining industry is typically very "boom or bust". Bust would either mean that the mine has closed due to the ore being completely mined or metal prices have fallen to the point its no longer cost-effective to continue. Many mining communities are remote, 1 industry towns. When the mining ceases, most people leave the community for new jobs elsewhere, hence the "bust"