Question

the agricultural industry in the great plains experienced the combination of drought and financial depression in the 1890s and again in the 1930s. what is this pattern called?

Answer 1

Answer: A boom-bust economy

Explanation: The boom and bust cycle is a key characteristic of capitalist economies and is sometimes synonymous with the business cycle. During the boom the economy grows, jobs are plentiful and the market brings high returns to investors. In the subsequent bust the economy shrinks, people lose their jobs and investors lose money.