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Boom and Bust Cycle C-Notes

Boom and Bust Cycle C-Notes. Background Information. The Boom/Bust cycle is the pattern of economic growth and decline for an industry Every industry goes thru a time of economic highs and lows. Cotton Industry.

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Boom and Bust Cycle C-Notes

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  1. Boom and Bust Cycle C-Notes

  2. Background Information • The Boom/Bust cycle is the pattern of economic growth and decline for an industry • Every industry goes thru a time of economic highs and lows.

  3. Cotton Industry • In the 1840’s the cotton industry was booming (making lots of $$$$) because of the cotton gin • After the CW, the cotton indus. went bust (made much less $$$) b/c there was no slave labor Boom time for cotton1840’s Cotton industry grows again be/c of the RR Start of cotton 1700’s Bust time for cotton 1865

  4. Verbal / Visual A time of great economic growth followed by a time of economic collapse

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