Describe one boom and bust cycle from this unit that affected Washington state-describe its impact on

Question

the state. What role did the government play in boom and bust cycles? Provide a specific example.
(4 points)

Answer 1

One boom and bust cycle that affected Washington state was the Klondike Gold Rush of the late 19th century. The discovery of gold in the Yukon territory in Canada sparked a huge influx of people to the region, including many who traveled through Seattle on their way to the gold fields. This resulted in a boom in the economy of Washington state, as the city of Seattle saw a significant increase in population, infrastructure development, and economic activity.

However, once the gold rush began to decline and the initial excitement wore off, many people who had moved to the region found themselves without steady income or resources. This led to a bust in the economy as businesses struggled to stay afloat and many individuals were left financially ruined.

The government played a role in this boom and bust cycle by providing support and resources to help manage the influx of people and the subsequent economic downturn. For example, the local government in Seattle worked to provide services and support for the new residents arriving in the city during the gold rush, including building infrastructure and providing basic amenities. However, once the gold rush began to decline, the government was also tasked with helping to manage the fallout and support those who were negatively impacted by the bust.

Answer 2

can you summarize that into a small sentence?

Answer 3

The Klondike Gold Rush boom in late 19th century Washington state led to economic growth and population increase in Seattle, but the subsequent bust left many financially ruined, with the government providing support during both phases.

Answer 4

Describe one boom and bust cycle from this unit that affected Washington state-describe its impact on
the state. What role did the government play in boom and bust cycles? Provide a specific example.
and also make it into a short sentence please

Answer 5

The timber industry boom in Washington state during the late 19th and early 20th centuries led to economic growth but resulted in environmental damage and bust when resources depleted, with the government playing a role in regulating logging practices to prevent further decline.