By Andrew Beattie  When: 1926 Where: Florida  The amount the
market declined from peak to bottom: Land that could be bought
for $800,000 could, within a year, be resold for $4 million
before crashing back down to pre-boom levels. The prices were so
inflated that to buy a condo-style property in 1926, you
would've had to pay the same as you would now have to pay for a
luxury home in the guard-gated communities in Miami ($4,500,000)
- without adjusting for inflation!  Synopsis: In the 1920s, the
United States of America was chugging along like the British
Empire of the 1700s, and it was only natural that people were
beginning to believe such prosperity was infinite. But it wasn't
the stock market that was the recipient of a bubble. It was the
real estate market.     Next: Market Crashes: The Great
Depression (1929) »  comments powered by Disqus Trading Center