[Answer] What was the long-term effect of speculation on Florida?

Answer: Many people could no longer afford to live there.
What was the long-term effect of speculation on Florida?

The Florida land boom of the 1920’s was Florida s first real estate bubble which burst in 1925.The land boom left behind entire new cities such as Coral Gables Hialeah Miami Springs Opa-locka Miami Shores and Hollywood.It also left behind the remains of failed development projects such as Aladdin City in south Miami-Dade County Fulford-by-the-Sea in what is now North Miami Beach Miami …

On March 1 2020 the U.S. state of Florida officially reported its first two COVID-19 cases in Manatee and Hillsborough counties. In response Governor Ron DeSantis then declared a public health emergency. There is evidence however that community spread of COVID-19 began in Florida much earlier perhaps as early as the first week of January with as many as 171 people in Florida who had …

Speculation – Wikipedia

Speculation – Wikipedia

Specie was also replenished to a great extent increasing from $2.5 million in 1819 to $3.4 million by 1820 and further rising to $8 million by 1821. As an added consequence banknotes in circulation were reduced by about $23 million within a span of four years from 1816 to 1820.

Speculation is the purchase of an asset (a commodity goods or real estate) with the hope that it will become more valuable in the near future.In finance speculation is also the practice of engaging in risky financial transactions in an attempt to profit from short term fluctuations in the market value of a tradable financial instrument—rather than attempting to profit from the underlying …

Thu May 21 2020 14:30:00 GMT-0400 (Eastern Daylight Time) · The Greenspan put was a monetary policy response to financial crises that Alan Greenspan former chair of the Federal Reserve exercised beginning with the crash of 1987. Successful in addressing various crises it became controversial as it led to periods of extreme speculation led by Wall Street investment banks overusing the put’s …

Leave a Reply