Download PDF Bubble in the Sun: The Florida Boom of the 1920s and How It Brought on the Great Depression By Christopher Knowlton

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Bubble in the Sun: The Florida Boom of the 1920s and How It Brought on the Great Depression-Christopher Knowlton

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Christopher Knowlton, author of Cattle Kingdom and former Fortune writer, takes an in-depth look at the spectacular Florida land boom of the 1920s and shows how it led directly to the Great Depression.The 1920s in Florida was a time of incredible excess, immense wealth, and precipitous collapse. The decade there produced the largest human migration in American history, far exceeding the settlement of the West, as millions flocked to the grand hotels and the new cities that rose rapidly from the teeming wetlands. The boom spawned a new subdivision civilization—and the most egregious large-scale assault on the environment in the name of “progress.” Nowhere was the glitz and froth of the Roaring Twenties more excessive than in Florida. Here was Vegas before there was a Vegas: gambling was condoned and so was drinking, since prohibition was not enforced. Tycoons, crooks, and celebrities arrived en masse to promote or exploit this new and dazzling American frontier in the sunshine. Yet, the import and deep impact of these historical events have never been explored thoroughly until now. In Bubble in the Sun Christopher Knowlton examines the grand artistic and entrepreneurial visions behind Coral Gables, Boca Raton, Miami Beach, and other storied sites, as well as the darker side of the frenzy. For while giant fortunes were being made and lost and the nightlife raged more raucously than anywhere else, the pure beauty of the Everglades suffered wanton ruination and the workers, mostly black, who built and maintained the boom, endured grievous abuses. Knowlton breathes dynamic life into the forces that made and wrecked Florida during the decade: the real estate moguls Carl Fisher, George Merrick, and Addison Mizner, and the once-in-a-century hurricane whose aftermath triggered the stock market crash. This essential account is a revelatory—and riveting—history of an era that still affects our country today.

Book Bubble in the Sun: The Florida Boom of the 1920s and How It Brought on the Great Depression Review :



Mr. Knowlton has provided a terrifically entertaining and thought provoking read in this well-researched book. You know what's coming, but the description of the players and places are most interesting and, at times, almost comical. Having spent time in my youth growing up on the east coast of Florida (and visiting often since), I found this a fast-paced and fun read. And the ending...a very nice bow was tied around how indeed it was the precursor to the larger stock market crash. For anyone who has been to Florida often, has ever dabbled in real estate and/or is a student of the markets, I highly recommend this book.
Extraordinarily entertaining light reading. Particularly fun history of local sites for those living today in Palm Beach, Coral Gables, Boca Raton, Miami and Miami Beach.A fascinating and captivating series of vignettes of the “characters” who created Florida, from a swamp, from the 1890s to the 1930s.Starting with Henry M. Flagler, John D. Rockefeller’s business partner, and the builder of: (1) the railroad to Key West that became the spine of Eastern Florida; (2) monumental hotels in St. Augustine, Palm Beach and Key Biscayne; and (3) a Palm Beach residence for his 37-year-younger third wife, a, “marble masterpiece [that] was dubbed “the Taj Mahal of North America” by the New York Herald. It combined Greek and Roman architecture with French and Italian Renaissance motifs, and endures today as the Flagler Museum.”Knowlton’s book brings back to life the colorful real estate characters who developed Florida’s Southeast coast, and their various friends and acquaintances. Almost all first became very wealthy and ultimately died broke. Knowlton’s portrayal of Addison Mizner, the Palm Beach architect, entertaining roaring twenties society in his Worth Avenue apartment, accompanied by his pet monkey, gives a taste of those times.The lengthy list of familiar names during the central period, includes, among many others, Gershwin, Capone, Ruth, Weissmuller, Swanson, Kennedy, and Ponzi, and the central, lesser known entrepreneurs, drunkards and philanderers around whom this book, and Florida in the twenties, revolved: Carl Fisher, George Merrick, Paris Singer, David Paul Davis and Addison Mizner.Knowlton also makes an interesting argument of the Florida land boom and bust of the twenties as a primary cause of the Great Depression; reprised in 2008 with the collapse of the mortgage market leading to that financial crisis.Highest recommendation for those looking for fun, light reading.

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