A lull in fighting between countries and by the decline of famine and the plague.
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During times of economic prosperity, some nations borrowed more money than they can pay back now in times of economic hardship.
During times of economic prosperity, some nations borrowed more money than they can pay back now in times of economic hardship.
World War 2 caused sustained economic growth.
Many Americans purchased goods on credit.
Crusades caused by the Christians have actually increased Europe's economical activity. The reason is because the Pope has ordered all Christian men to join the army, and told them to raise money for the great Crusades. So, the economic status of the cities grew, and thus, resulted in economic boom. (In destroyed towns and cities however, economic trend dropped, due to obvious reasons like being destroyed)