Does this meet the requirements of "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)"

A boom-and-bust cycle from this unit that affected Washington would be when, in the 1950's, Washington started developing manufacturing industries. They started producing more manufactured goods and increasing the economy. In 1952, improvements to the Grand Coulee Dam were made, making more water available for irrigation. This increased the economy even further due to farms in eastern Washington could now grow water intensive crops. In the 1960's, Boeing added to its commercial jet lines, with over 100,000 employees. But soon, airplane orders fell off and Boeing lost some of its government contracts and had to lay off half of their workers. Seattle's unemployment in the early 1970's raised to 15%, one of the highest rates of the nation. Soon, Washington began to experience economic problems and inflation of goods and services. At the same time, the unemployment rate began to grow around the nation as well. In 1973, the Yom Kippur War broke out when a group of Arab states led by Egypt and Syria invaded Israel territory. The U.S. supported Israel, but OPEC, the organization the U.S. uses to ship oil, supported Israel's opponents. As an act of revenge, OPEC refused to ship oil to the U.S, further declining Washingtons economy. Oven the next two years, fuel prices nearly doubled. Sometimes gas stations even ran out of fuel entirely.

Answer 1

Yes, this response meets the requirements of describing a boom and bust cycle that affected Washington state and its impact on the state. The example provided with the development of manufacturing industries in the 1950s, the role of the government in improving the Grand Coulee Dam, and the economic impact of Boeing layoffs in the 1960s and 1970s effectively demonstrates a boom and bust cycle in Washington state. Additionally, the mention of the Yom Kippur War and its effects on the state's economy further expands on the impact of external events on Washington's economy. The mention of Washington's economic problems and inflation, as well as the government's role in terms of Boeing contracts and OPEC's impact on fuel prices, provide a comprehensive analysis of the government's role in boom and bust cycles. Overall, this response effectively addresses the requirements of the prompt.