Concept information
Preferred term
boomtowns
Definition(s)
- Boomtowns experience rapid economic expansion characterized by rising prices, production and credit expansion derived from optimistic expectations, and increased employment. Boomtowns emerge when a single resource, commodity, or activity is discovered, often experiencing volatile fluctuations between economic prosperity and social disruption as the local communities build infrastructures to accommodate the waves of new residents. [Source: Encyclopedia of Politics of the American West; Boomtowns]
Broader concept(s)
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-ZDKTHXJP-7
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