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This would change when the post-World War II boom opened people's eyes to the possibility of developing land in Florida. Charley making landfall. In the 1950s, the now defunct General Development Corporation led by the Mackle brothers decided to take advantage of the Florida land boom and developed land primarily on both of Florida's coastlines ...
During the land boom, many local governments sold bonds to pay for projects related to development. After the boom, local government did not have revenue proceeds to pay down bond debt. This resulted in widespread unsecured bond default. [23] Another contributing factor was that numerous counties in southern Florida would take out "large loans ...
The Seaboard–All Florida Railway was a subsidiary of the Seaboard Air Line Railroad that oversaw two major extensions of the system in the early 1920s to southern Florida on each coast during the land boom.
In 1900, Florida was largely agricultural and frontier; most Floridians lived within 50 miles of the Georgia border. The population grew from 529,000 in 1900 to 18.3 million in 2009. The population explosion began with the great land boom of the 1920s as Florida became a destination for vacationers and a southern land speculator's paradise.
The Florida land boom was effectively ended by the hurricane. The region was pushed into economic turmoil even before the Wall Street Crash of 1929 and the initial stages of the Great Depression. Potential investors and buyers were skeptical about purchasing land in the area. As a result, property values plummeted.
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Bermont, Florida is a ghost town in Charlotte County, Florida, United States. Bermont was a sawmill town founded around the state's land boom in the 1920s. The town was also known for its sugarcane, which is made into sugar and juice. In 1908, it received a post office. It soon grew to have a general store and a school used as a church on weekends.
Tow-truck operator Eddie Cruz pulls on the window of a McLaren 720S as he notices water damage on Friday, October 11, 2024, in Port Charlotte, Florida, caused by Hurricane Milton’s storm surge ...