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Florida, state, United States, U.S. Political Geography
Related Category: U.S. Political Geography
Florida[flOr´idu, flor´] Pronunciation Key - History-
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Land Booms
In 1881 Florida sold 4,000,000 acres (1,618,800 hectares) of land to real-estate promoters. Northern capitalists such as Henry M. Flagler built railroads and hotels, and Florida began to develop. The drainage of the Everglades, begun in 1906, precipitated one of the state's periodic . Because of environmental degradation due to farming these drained lands, areas are now being restored to their natural state through reflooding. The most famous of Florida's land booms started after World War I and reached its peak in 1925 when land values achieved fantastic heights, only to collapse completely the following year.
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