How does the business cycle affect people

What are business cycles and how do they affect the economy? during expansions, the economy, measured by indicators like jobs, production, and sales, is growing--in real terms, after excluding the effects of inflation. recessions are periods when the economy is shrinking or contracting.

The transcontinental railroad provided a means of fast transportation. it cut a 6 month trip into 6 days, created jobs for many people and encouraged immigration. the homestead act played a huge role in western expansion; it allowed settlers to begin a fresh start, and gave them land in exchange for their residence for up to five years and a small fee.