Which statement best explains the boom-and-bust cycle in New Mexico towns during the territorial period?

A boom-and-bust cycle means a town grew quickly when a valuable opportunity attracted people, then declined sharply when that opportunity ended. In territorial New Mexico, mining, railroad, or other resource-related activity could draw workers and businesses for a short time. The choice describing rapid growth followed by a sharp decline is “Towns experienced rapid growth followed by a sharp decline when opportunities ended.”

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