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3 years ago

Why did families like this one leave other Southern states to come to Florida in the 1930s?

History

1 answer:

dybincka [34]3 years ago

3 0

Answer:

They thought they might have an easier time buying on credit in Florida.

Explanation:

In the 1930s, Florida was a state whose real estate values were quite low compared to other areas in the region. This happened as a consequence of the explosion between 1926 and 1928 of the real estate bubble caused by the Florida Land Boom of the 1920s, as a consequence of a series of hurricanes that affected the peninsula in those years and made investors who were building large projects in Miami and surrounding areas will withdraw from the market. This situation, added to the beginning of the Great Depression, caused the state's real estate prices to collapse.

Thus, many people with economic problems in other areas of the southern United States moved to Florida with the aim of starting a new life by acquiring properties at low prices.

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