Boomtown

A boomtown is a community that undergoes sudden and rapid population and economic growth, or that is started from scratch. The growth is normally attributed to the nearby discovery of a precious resource such as gold, silver, or oil, although the term can also be applied to communities growing very rapidly for different reasons, such as a proximity to a major metropolitan area, huge construction project, or attractive climate. Early boomtowns, such as Leeds, Liverpool, and Manchester, experienced a dramatic surge in population and economic activity during the Industrial Revolution at the turn of the 19th century. In pre-industrial England these towns had been relative backwaters, compared to the more important market towns of Bristol, Norwich, and York, but they soon became major urban and industrial centres. Although these boomtowns did not directly owe their sudden growth to the discovery of a local natural resource, the factories were set up there to take advantage of the excellent Midlands infrastructure and the availability of large seams of cheap coal for fuel. Another typical boom town is Trieste in Italy. In the 19th century the free port and the opening of the Suez Canal began an extremely strong economic development. At the beginning of the First World War, the former fishing village with a deep-water port, which used to be small but geographically centrally located, was the third largest city of the Habsburg monarchy. Due to the many new borders, World War II and the Cold War, the city was completely isolated, abandoned and shrank for a long time. The handling of goods in the port and property prices fell sharply. Only when the surrounding countries joined the EU did Trieste return to the economic center of Europe. In the mid-19th century, boomtowns that were based on natural resources began to proliferate as companies and individuals discovered new mining prospects across the world.