Boomtown

In Boomtown (of English. To boom, rapidly develop upwards ' ) refers to a city which is very fast due to the large or only created under particular economic events or political circumstances at all.

Conditions

The growth is due to rule on a discovery made ​​in the vicinity of a valuable resource such as gold, silver or oil. But there are other reasons, such as proximity to a major metropolitan area, major construction projects or certain attractions may be responsible for the growth of population and the city area. Attractive for parts of the population and the existing jobs in place financial resources, small businesses and service companies are then produce. A typical example is some gold rush towns.

Change

Several so-called boom towns in the U.S. that were created in the 18th and 19th centuries, after the exhaustion of resources ghost towns. Also, the departure tax-related companies can reduce the boomtown status or even convert. Another example is the U.S. city of Detroit, which was regarded as automobile city by the companies General Motors, Ford and Chrysler and experienced since 2008 due to the economic and financial crisis, a downturn and sharp decline in population.