It's worth remembering, though, that California's past is littered with similarly abrupt boom-and-bust cycles.
The Russian Revolution, the abrupt collapse of boom times that had been built on American technological prowess, the New Deal programs that made the federal government the guarantor of sustenance for large segments of the populace: all focused attention on the omnipresent "common man" (and woman).
Last May a currency crisis brought an abrupt end to the boom in the Czech Republic, and the economies of Thailand and other South-East Asian nations are being laid low by the currency bug (see article).
1940s The outbreak of the second world war brought an abrupt halt to the construction boom.
Born in the year the first world war ended, Schmidt was a young soldier at the siege of Leningrad, was awarded the Iron Cross, rose to prominence as a politician who got things done during Germany's postwar economic miracle and became chancellor when Willy Brandt resigned as a result of a spy scandal in 1974, just as the first oil shock brought the long boom to an abrupt end.
The abrupt end of the credit boom has had widespread financial and economic ramifications.
Sometimes global financial markets' eagerness to lend results in unreasonable booms, followed by abrupt reversals.
Best, Andrew Dear Andrew, We both agree that China's high rates of GDP growth, these past few years, have been mainly due to an investment boom and that an abrupt end to that boom could spell a sharp slowdown.
The boom came to an abrupt end when the oil price plunged in the later months of 2008.
The country as a whole will suffer the economic cost of the abrupt end of a decade-long boom.
The dispute comes amid broader concerns about public infrastructure spending in Spain, which is one of the euro economies struggling under a mountain of debt after the financial crisis brought to an abrupt end a decade-long construction boom.
