The oil and gas boomtowns of the present, in Wyoming, North Dakota and Alberta, among other places, follow this model. Lots of money sloshes around boomtowns, but everyday life is shaped by scarcity, not abundance. The boom workers are newcomers. They work long hours, earn high wages, drive up the cost of housing for the locals, drive out some locals.... Like a virus, mining destroys its host and then moves on. There are ghost towns across the west full of dying businesses with the landscape around them ground into heaps leaching toxic residue.
Does all this seem a long, long way from your backyard? No, it's right at your fingertips!