Final answer:
In the term 'Florida Land Boom', 'boom' refers to a period of rapid economic growth and land speculation in Florida during the 1920s.
Step-by-step explanation:
In the term 'Florida Land Boom', the word 'boom' refers to a period of rapid economic growth and an increase in real estate activity. It signifies a time when there was a surge in land speculation and investment in Florida, resulting in a frenzied buying and selling of land. The Florida Land Boom of the 1920s attracted investors who hoped to make quick profits by buying land and then selling it at higher prices. However, the boom eventually collapsed due to various factors, leading to financial losses for many.
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