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Miami Beach 411
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Miami Beach Journal
Post Boom Years

The Boom Years

In January of 1921 President-elect Warren Harding spent the winter at the Flamingo Hotel.

    1868 - 1911
The Farming Period

1911 - 1920
The Early Development Years

1920 - 1925
The Boom Years

1925 - 1930
Post Boom Years

1930 - 1941
The Post Depression Years

1942 - 1945
The War Years

1945 - 1965
The Post War Boom
World War One was over. It was safe to travel by train or ship and the tourists returned to Miami Beach.

New hotels were opening on the beach and each fought to become the fashionable hotel to spend the winter season. The rich and famous wanted their place in the sun. Polo grounds and golf courses turned the island green. The boom was on.

Between 1920 and 1929 millionaires like Harvey Firestone, J.C. Penny. Harvey Stutz, Albert Champion, Frank Seiberling, Rockwell LaGorce, Roy Chapin, Alfred DuPont, R.J. Renyolds, and William Randolph Herst built mansions on the three-mile stretch known as "Millionaires Row."

Between 1921 and 1925 Fisher built several elegant hotels, none of which were located on the ocean.

Real Estate values soared 1000 percent between 1914 and 1925 leading speculators to believe they could make huge profits overnight.
In 1921 there were five hotels and nine apartment houses on Miami Beach. The following figures reflect this period of rapid growth. By the end of 1925 the community boasted:

- 56 hotels (4,000 rooms)
- 178 apartment buildings
- 858 private residences
- 308 shops and offices
- 8 bathing casinos
- 4 polo fields
- 3 golf courses
- 3 schools
- 2 churches

Then, on September 19, 1926 Miami Beach was struck by a severe hurricane. Hotels were damaged, telephone and electricity service was knocked out and almost 400 people were killed. The hurricane turned the real-estate boom into a bust.

On February 11, 1928, John Collins died. Later that Year, Al Capone's gang moved to Miami Beach, buying a house on Palm Island. Gambling and bootlegging activities proliferated on the Beach before his arrival, but when Canoe's gang showed up, the illegal operations became big business.

The stock market crash of 1929 turned the nation's economy into a Great Depression. The depression forced the rich Miami Beach residents to close their estates and move off the beach.

Miami Beach history guide
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