Question

What were the causes of the land boom in Florida? Check all that apply.

Many people were able to buy land at low prices.
Land prices remained very stable and consistent.
Many buyers hoped to build homes and businesses.
Buyers acquired land on speculation to make a profit.
Buyers purchased land on speculation to sell it cheaply.
Advertisements made many promises about buying land.

Answer 1

The causes of the land boom in Florida include low land prices, speculation for profit, and the desire to build homes and businesses.

Step-by-step explanation:

The causes of the land boom in Florida include:

• Many people were able to buy land at low prices.
• Buyers acquired land on speculation to make a profit.
• Many buyers hoped to build homes and businesses.
• Advertisements made many promises about buying land.

The land boom occurred in the 1920s when Florida experienced a surge in population and tourism. As a result, land prices increased, and investors saw an opportunity to make a profit by buying and selling land. Many individuals hoped to capitalize on this trend by purchasing land with the intention of building homes or businesses. Additionally, advertisements played a role in attracting buyers and fueling the boom.

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