The Florida land boom refers to a period in the 1920s when real estate prices in Florida skyrocketed due to increased interest from investors and homebuyers. Many people were drawn to the state's warm climate, beautiful beaches, and the promise of a prosperous lifestyle. This surge in demand led to rapid development and the construction of new homes and communities. However, the boom was unsustainable, and by the late 1920s, the market collapsed. Speculative investments and overdevelopment resulted in a significant decline in property values. The crash had lasting effects on the Florida economy and real estate market, leading to a slow recovery in the following years.