Describe one boom and bust cycle from this unit that affected washington state-describes its impact on the state. What role did the government play in boom and bust cycles? Provide a specific example. (4points)

Answer 1

One boom and bust cycle that affected Washington State was the timber industry boom in the late 19th and early 20th centuries. During this time, Washington State experienced a rapid influx of settlers and economic growth due to the demand for timber for construction and fuel. Many towns and industries were built around the timber industry, and the state became a major supplier of timber products.

However, as the demand for timber began to decline and environmental concerns grew, the industry started to bust. This led to widespread job losses, economic downturns, and the closure of many timber-related businesses. The impact was felt across the state, with many communities struggling to recover from the collapse of the industry.

The government played a significant role in the boom and bust cycle of the timber industry in Washington State. For example, during the boom years, the government provided incentives and subsidies to promote logging and timber production. However, as the industry began to decline, the government implemented regulations and restrictions on logging to protect the environment and promote sustainable practices. These government interventions had both positive and negative effects on the industry and the state as a whole.