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[其他] Boom and bust?

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Reader question:

Please explain this sentence, withpersonal boom and bustin detail: From the great migration into the Great Plains to the ghost towns of today we hear the stories ofpersonal boom and bust”.

My comments:

Here, “personal boom and bustrefers to peoples successes and failures, especially in money matters. In other words, rags to riches, riches to rags. Fortunes made, fortunes lost.

Boomrefers to times when theyre prosperous, with their fortunes growing rapidly whereasbustrefers to the hard times when theyre broke and penniless.

The great migration into the Grain Plains reminds me of Mark Twain (1835-1910)’s time, more or lesswhen the first railroads were built in America, something like that.

Anyways, the Great Plains refer to the vast flatlands west of the Mississippi River and east of the Rocky Mountains. Early pioneers moved from the Atlantic coast into the Great Plains to claim land, raise cattle and make a fortune. Later on of course people moved further into the Wild West. During this period, many fortunes were madefollowed by bankruptcies and many personal tragedies.

After initial success, peoples ambitions began to explode. Some began to invest in gold mines, for example, in California.

Even Alaska.

Anyhow, the first millionaires were created during this time, the Gilded Age, in Mark Twains words.

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