Jul 04 2011 12:53 pm
Posted by Crystal Garris under July 5 Assignment
1920s: New York vs Miami
The twentieth century brought about great changes for America, especially in New York. New York had shown great progression economically, culturally, and architecturally. There was growth in every aspect of New York life from informal to professional subjects. However, there were also changes taking place in other parts of America and not all of those changes ended as good as New York. One of those places are Miami, Florida. In the mid 1920s, Florida was facing a land boom. Miami was looked at as a tropical paradise and people from all over America decided to invest in land. There was easy credit access and the prices of the land were quickly increasing. This led to the brokers and dealers ordering large amounts of supplies and causing a big problem with the railroads, some of them even being stranded en route. In result, there was a negative news feed about investing in Florida real estate.
Although the railroads were messed up, there was still ways of transporting goods by waterway. That was used until 1926, when a ship sank at the base of the port, making impossible to reach by any other ships, killing every way of transporting goods at the time from January until May. But by that time, Miami was no longer a place people wanted to go. Later that year, Miami faced a huge hurricane and left most developers bankrupt. After facing another big hurricane two years later then the stock market crash in 1929, Florida was no longer looking like the paradise it had initially been. The great depression and the invasion of mediterranean fruit flies left Florida with a bad economy that wasnt fixed until after World War II. Although New York faced economic depression as well, nothing was as bad as having your resources cut off and actually ruining your land.
[caption id=”attachment_2086″ align=”alignnone” width=”600″ caption=”photo from "Miami: Then
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