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What does 'boom' refer to in the term "Florida Land Boom?"
People who saw the economic shift and sought to profit by selling land flocked to Florida. These individuals, known as land speculators, purchased land at low prices and then sold it for a great profit. During this boom, however, the vast majority of persons who purchased and sold land in Florida had never ever visited the state.
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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