The Economic Boom
(Economic)
What is it?
An economic boom is when there is significant output within a population over a certain time period. There are productivity increases, sales increases, wage increases, and rising demand for goods and services. A period of inflation usually accompanies an economic boom. This economic boom helped the economy get back on track by having the financial status of business increase due to the selling and more production of their products. When the businesses started doing well then the people started getting more jobs because the businesses could now hire more workers. The economic boom was a good obstacle in history because it lightened up the financial status of everyone including the country's financial state.
Why is it important?
The economic boom was important because a few years ago there was a Great Depression which took a nasty toll on the economy and the financial state of everyone. So when there was an economic boom the exact opposite of the Great Depression happened. Everyone was happy, living, having jobs, buying products, and enjoying life. The economic made the attitudes of Americans turn around and show the joyful side of life compared to the poor life styles the Great Depression made the population of the United States live in. Also other countries started doing well once America was doing well because the trading industry was back up and trade was a great profit for all of the countries.
Is this progress?
Yes the economic boom is a progress in history because it made the economy a positive and progressive one when more jobs were available and people started buying products from the manufacturers. This was the first step that the United States took to crawl out of the Great Depression without Franklin Delano Roosevelt. The economic boom made the United States progress financially by reducing the economic debt and by having a domino effect on the rest of the world that led to a positive and happy world when countries could try to get along.
Leading to...
The economic boom helped lead to the next era in history known as the civil rights movement because as people started earning more money and receiving more jobs then the rights of Americans had to be taken care of. The civil rights movement protected Americans. In the workplace the Civil Rights Movement made sure that the workers got paid a decent amount of money for the work they do and it made sure that Americans did not work over long hours. The Civil Rights Movement also protected the money of Americans through the banks and led to a prosperous economy.
An economic boom is when there is significant output within a population over a certain time period. There are productivity increases, sales increases, wage increases, and rising demand for goods and services. A period of inflation usually accompanies an economic boom. This economic boom helped the economy get back on track by having the financial status of business increase due to the selling and more production of their products. When the businesses started doing well then the people started getting more jobs because the businesses could now hire more workers. The economic boom was a good obstacle in history because it lightened up the financial status of everyone including the country's financial state.
Why is it important?
The economic boom was important because a few years ago there was a Great Depression which took a nasty toll on the economy and the financial state of everyone. So when there was an economic boom the exact opposite of the Great Depression happened. Everyone was happy, living, having jobs, buying products, and enjoying life. The economic made the attitudes of Americans turn around and show the joyful side of life compared to the poor life styles the Great Depression made the population of the United States live in. Also other countries started doing well once America was doing well because the trading industry was back up and trade was a great profit for all of the countries.
Is this progress?
Yes the economic boom is a progress in history because it made the economy a positive and progressive one when more jobs were available and people started buying products from the manufacturers. This was the first step that the United States took to crawl out of the Great Depression without Franklin Delano Roosevelt. The economic boom made the United States progress financially by reducing the economic debt and by having a domino effect on the rest of the world that led to a positive and happy world when countries could try to get along.
Leading to...
The economic boom helped lead to the next era in history known as the civil rights movement because as people started earning more money and receiving more jobs then the rights of Americans had to be taken care of. The civil rights movement protected Americans. In the workplace the Civil Rights Movement made sure that the workers got paid a decent amount of money for the work they do and it made sure that Americans did not work over long hours. The Civil Rights Movement also protected the money of Americans through the banks and led to a prosperous economy.