What does 'boom' refer to in the term "Florida Land Boom?

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01-02-2022
Social Studies

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What does 'boom' refer to in the term "Florida Land Boom?

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Smi4771idn Smi4771idn · Answer 1 · 2022-02-01T11:32:04-05:00

Smi4771idn Smi4771idn

01-02-2022

Answer:

People who recognized this economic change and wanted to make money by selling land poured into Florida. These people, known as land speculators, bought land at cheap prices and sold it at a large profit. During this boom, however, most people who bought and sold land in Florida had never even set foot in the state.

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