Economic Booms 
Economic Booms
Definition of an Economic Boom: A boom is a period of rapid economic expansion resulting in higher GDP, lower unemployment and rising asset prices.
Booms usually suggest the economy is overheating creating inflationary pressures. Many economic booms have been followed by a bust - economic recession or downturn. Hence the phrase Boom and Bust
Economic Boom of the 1920s
The Economic boom of the 1920s saw rapid growth in GDP, production levels and living standards. The growth was fuelled by new technologies and production processes such as the assembly line. The economic growth also caused an unprecedented rise in stock market values - share prices increased much more than GDP.
This boom came to a dramatic collapse with the Wall street Crash of 1929 on Black Thursday. This led to the Great Depression of the 1930s.
Economic Boom of the 1980s.
The 1980s was another period of relatively fast growth. In the UK, the boom years were known as the Lawson boom. This also precipitated an economic downturn.
Economic Boom in China and India
Not all economic booms have to come to an abrupt end. For example, the Chinese economy has experienced over 20 years of rapid economic expansion. The Indian economy has also experienced a period of rapid growth
Black Thursday 1929
Black Thursday - October 24th 1929 signalled the start of the Wall Street Crash and onset of the Great Depression which caused widespread economic turmoil and political upheavel.
Black Thursday was the first large fall in share prices. But, was compounded by huge falls, a couple of days later on Monday 28th and Tuesday 29th.
The decline continued throughout 1930, by July share prices had lost 89% of the value from the September, 1929 peak. This was the lowest the stock market had been since the ninenteenth Century. It took until 1954 for shares to regain their 1929 levels.
The Causes of Black Thursday were many, but the main ones were: * Falling profitability of blue chip
Definition of an Economic Boom: A boom is a period of rapid economic expansion resulting in higher GDP, lower unemployment and rising asset prices.
Booms usually suggest the economy is overheating creating inflationary pressures. Many economic booms have been followed by a bust - economic recession or downturn. Hence the phrase Boom and Bust
Economic Boom of the 1920s
The Economic boom of the 1920s saw rapid growth in GDP, production levels and living standards. The growth was fuelled by new technologies and production processes such as the assembly line. The economic growth also caused an unprecedented rise in stock market values - share prices increased much more than GDP.
This boom came to a dramatic collapse with the Wall street Crash of 1929 on Black Thursday. This led to the Great Depression of the 1930s.
Economic Boom of the 1980s.
The 1980s was another period of relatively fast growth. In the UK, the boom years were known as the Lawson boom. This also precipitated an economic downturn.
Economic Boom in China and India
Not all economic booms have to come to an abrupt end. For example, the Chinese economy has experienced over 20 years of rapid economic expansion. The Indian economy has also experienced a period of rapid growth
Black Thursday 1929
Black Thursday - October 24th 1929 signalled the start of the Wall Street Crash and onset of the Great Depression which caused widespread economic turmoil and political upheavel.
Black Thursday was the first large fall in share prices. But, was compounded by huge falls, a couple of days later on Monday 28th and Tuesday 29th.
The decline continued throughout 1930, by July share prices had lost 89% of the value from the September, 1929 peak. This was the lowest the stock market had been since the ninenteenth Century. It took until 1954 for shares to regain their 1929 levels.
The Causes of Black Thursday were many, but the main ones were: * Falling profitability of blue chip