Story perspectives

Florida's Land Boom: Economic Surge, Hurricane Collapse, Recovery

3/25/2025

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Summary

Story summary

The Great Florida Land Boom (1924-1926) drew national investors, resulting in new developments and racially restricted properties.
Economic growth and publicity stunts heightened interest in Miami real estate, but the boom collapsed after the 1926 hurricane.
Local governments encountered debt crises from bond financing, leading to widespread defaults.
The 1937 Murphy Act enabled the state to sell tax-delinquent properties, helping to alleviate the financial crisis.

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Story summary

The Great Florida Land Boom (1924-1926) drew national investors, resulting in new developments and racially restricted properties.
Economic growth and publicity stunts heightened interest in Miami real estate, but the boom collapsed after the 1926 hurricane.
Local governments encountered debt crises from bond financing, leading to widespread defaults.
The 1937 Murphy Act enabled the state to sell tax-delinquent properties, helping to alleviate the financial crisis.