Word: boom
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Dates: during 1980-1989
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...Augustine, came, saw and was conquered; he built a railway to Miami and beyond, all the way to Key West.* During World War I, the Government put a number of training camps in Florida, and after the war ended, some of the doughboys returned. The first great Florida land boom was under...
Over the past two decades, South Florida in general, and Miami in particular, lave undergone a Latin-flavored business boom that is putting much of the glitter back into the Gold Coast. Some 12.6 mildon foreigners, most of them Spanish speaking, visited the Miami area last year. At least 100 multinational companies now maintain their Latin American headquarters in South Florida. Though economic and political woes in Latin America are expected to slow the influx of tourists from the south, Miami will no doubt remain, as the late President Jaime Roldós of Ecuador put it, the "capital of Latin...
...tourism are expected to rise by 1¼% this year, hotel occupancy rates in Dade County are down by as much as 25% from last year, and only by raising room prices by an average of 20% have many resorts managed to stay in business. The area's real estate boom, which doubled the price of an average one-family house between 1978 and 1980, has virtually stopped dead. Even the environment, long the region's most attractive asset, is showing signs of wear. Decades of economic growth threaten to outstrip the water supply; water is occasionally rationed in some parts...
Hundreds of thousands streamed into the state, some 2.5 million people in 1925 alone, to stake out their lot in the sun. Many bought their land sight unseen, and some found themselves proud owners of swamps and tidal marshes. The boom went bust in 1926 when Northern banks stopped writing mortgages on Florida lots and a savage hurricane lashed Miami, killing several hundred people. Florida's fortunes ballooned again after World War II, in part because a new wave of doughboys hit its beaches. From 1950 to 1960 the population of South Florida doubled to 1.5 million, and during...
...late Anwar Sadat in 1974 launched al infitah (the opening), a much heralded attempt to promote foreign investment by lifting restrictions on trade and the movement of currency. In addition, the government promised that the peace treaty Egypt signed with Israel in March 1979 would lead to a business boom. Said the billboards in Cairo at the time: PEACE EQUALS PROSPERITY...