economic booms
Times of growth
Economic booms are periods of rapid growth and expansion in an economy, marked by rising employment, increased production, and general prosperity.
The boom phase of economic cycles typically brings optimism, higher wages, and increased consumer spending: The economic boom of the 1990s created millions of new jobs.
Booms often end in busts when growth proves unsustainable.
- Roaring TwentiesProsperous 1920s era
- consumer confidencePublic's economic outlook measure
- dot-com bubbleInternet stock speculation collapse
- investmentDeploying capital for returns
- wage growthIncrease in compensation
credit · innovation · productivity growth · labor shortages · fiscal stimulus · Industrial Revolution · urbanization · wealth accumulation · California Gold Rush · infrastructure development · entrepreneurship · job creation · asset bubbles · spending · gold rush · inflation · wealth · rising tide
- economic historystock market crash, Industrial Revolution, trade routes, Great Depression, gold standard
- state historystate history, statehood, state constitution, state capitals, founding documents
- Wall Street historystock exchange, speculative bubbles, ticker tape, bull markets, bear markets
economic boomsrecessions
Economic decline periods
depressions · economic downturns · slumps · crashes · financial crises
economic boomsstagnation
Absence of flow or progress
economic stagnation · economic malaise · doldrums · stagflation · zero growth
economic boomspanics
Loses control from fear
financial panics · economic malaise · credit crunches · bank runs · austerity