4.) What caused the economic downturn in Florida during the 1920s? Use details and information from the reading passage in your answer.

During the early 1920s, Florida represented wealth and a flourishing tourist industry. The demand for land skyrocketed and, along with it, land prices. People were drawn to the state by the idea of sandy beaches and sun. Vacationers, tourists and new settlers alike all wanted their own piece of the Sunshine State. Land was being bought rapidly without proper investigation into what was being purchased and, often, what investors were selling and reselling had little to no value

Explanation:

The economic downturn actually started significantly earlier in Florida, where people were already struggling to make a living wage, if they had a job at all.

Many lost their investments and life savings; properties lost their value or were destroyed by hurricanes.

The tourism industry took a severe hit, and the citrus industry, which at the time made up over 50 percent of the revenue for the state, fell by more than 35 percent in just a few months.

All of this happened in Florida before the nationwide stock market crash in October 1929.

hello,

  i would that it was because no matter how hard people worked everyone would be paid the same, witch it was a that the russian to rule.

have a great day

wwii

explanation: