boom

Definition

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The gold rush in the 1800s is but one example of the boom and bust cycles experienced by the US economy in the past.

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Increased access to cheap mortgage credit led to an American housing boom in the mid-2000s where new housing construction starts peaked at over two million annually.

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Although the "roaring" 1920s were characterized by lavishness and luxury due to the period's economic boom, the stock market crash of 1929 thrusted the United States into a depression.

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overfunded pension plan boom and bust cycle