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Cycles of "boom" and "bust" will remain with society forever. A modern day example is the hit success of the T.V. show Survivor. The new, unique show comes out and everyone loves it. So, all the major companies create their own new Survivor show. The reality TV show market goes "boom." Then the market becomes saturated with reality shows. Nobody is interested anymore and the whole thing goes "bust." This is much like what happened with three major industries on the western frontier.
With the flood of western expansion and the bestowment of 160 acres of land, almost every settler became interested in farming. Farming was a way to sustain your family and make a little money on the side. Farmers of the day, however, were plagued by many failures. They did not understand how to re-fertilize the land, and over time their land became stale and arid. They could not grow crops to feed their families.
Discovery of gold in the west and a few lucky individuals becoming filthy rich very quickly prompted a floor of settlers to venture west. Once thousands of hopeful gold diggers arrived, they realized there was a very slim chance they were going to become rich very quickly. The mines were overcrowded and ruled with strict regulations because almost everyone would work for almost free. The gold industry busted on everyone and destroyed the dreams of those unfortunate travelers who had left behind their jobs and families in search of riches. They are all forced to return home much as they arrived, in poverty.
The cattle industry was once an industry of the middle-class rancher. But, with the advent of barbed wire and the train systems, everyone became interested in cattle ranching. This rush of cattle flooded the market with cheap beef. The only ones able to stay afloat were the big business owners of cattle. The large businesses were able to hold out as the industry fell; eventually they recovered as many of their competitors were forced out of the market. The little man was once again not able to fulfill his get rich quick fantasies.
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Much like today, few people are able to benefit from the boom-bust cycles of society. The average western settler did not become rich or fulfill his every fantasy by taking advantage of these booms. More often, he returned home in poverty and continued his normal life. Settlers learned that they could not depend on the wavering cycles of the economy to guide them to reaches. They realized that they must forged their own path and create for themselves a new life filled with the dreams of wealth that they wanted. The boom-bust cycles helped for the average American to realize that they are the only ones who can make their dreams come true.
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