In the 1950s, the UAE economy was pretty stagnant, with the only major industries being pearl farming and various forms of aquaculture. This all changed, however, with the finding of oil, which led to a massive influx ofcash into the economy as the country started to sell it. However, as a result of the oil boom being, well, a boom, very little of that money would stay if the country were to grow dependent on it. This leads to modern day UAE, where the leaders of the country and the individual emirates are investing back into the country at an alarming rate, with the hope of re-vitalising the economy and instating a much more resilient industry, tourism, as a major support structure holding the economy up. This intense progress led to the high economic proress of the UAE. As a result of this progress, the standard of living in the UAE is quite high, not plagued by oil wars of other countries in the area. Also, due to this process, the creation of jobs is sky-rocketing, leading to high amounts of jobs and GDP growth for the country.