Do you know what the difference is between an economic bust and an economic boom?

In the 1920s, the stock market was in full swing. This was called an economic boom. An economic boom is a period of fast economic growth. Many people were buying stocks. Soon the stock market crashed on October 29, 1929 known as Black Tuesday. This led to the Great Depression, which was basically an economic bust. An economic bust is an extreme downturn in the economy. In conclusion, the difference between an economic boom and economic bust is that an economic boom is fast economic growth and an economic bust is an extreme downturn in the economy.

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