Boomtown

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Under Boomtown (of English. To boom , rapidly upwards' development) refers to a city that due to specific economic events or political circumstances is very fast large or due to which in the first set.

conditions

Growth is usually based on a nearby discovery of a valuable resource such as gold, silver, or oil. But other reasons, such as the proximity to a large metropolitan area , large construction projects or certain attractions, can be responsible for the growth of the population and the urban area. What attracts parts of the population are the jobs and the local financial resources that small businesses and service companies produce. A typical example are some gold rush towns .

change

Several so-called boomtowns in the USA, which emerged in the 18th and 19th centuries, became ghost towns after resources were exhausted . The departure of tax-relevant companies can also reduce or even transform the boomtown status. Another example is the US city of Detroit , which was considered an automobile city by the companies General Motors , Ford and Chrysler and has experienced a downturn and a sharp decline in population since 2008 due to the economic and financial crisis.

Web links

Wiktionary: Boomtown  - explanations of meanings, word origins, synonyms, translations

Individual evidence

  1. ^ Detroit - from boomtown to ghost town. dw-world.de September 30, 2009