George Merrick

Florida Land Boom Epitomizes Unregulated Speculation and Securities Fraud

| Importance: 7/10

The Florida land boom reaches its speculative peak in 1925, with real estate transactions totaling an estimated $7 billion (equivalent to over $120 billion today) in a single year. Developers like Carl Fisher (Miami Beach), George Merrick (Coral Gables), and Addison Mizner (Boca Raton) orchestrate …

Carl Fisher George Merrick Addison Mizner Florida Legislature financial-speculation regulatory-failure securities-fraud real-estate predatory-finance
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