Hurricane Rewind: Local Devastation triggers Global Depression

Hear this… Here!
EXIT 11 I-95 Northbound to North Miami, Florida


What's more powerful than a couple of Atom bombs? But is not made by man? Well, if you said a hurricane you would be right.  And if you want to know what the most devastating hurricane in terms of dollars lost was — accounting for inflation — the record is still held by the so-called “Great Miami Hurricane” of 1926.  

Without satellite warnings and without radar, sweeping across unsuspecting islands, cities, and towns, this Category 4 Monster made landfall  right here on September 18, 1926.​

In an era before names, the anonymous monster blasted away with wind gusts of 150 mph. The tropical cyclone devastated the Greater Miami area having hit both the Bahamas and later the Gulf Coast. It accrued $100,000,000 in damage, a toll that remains the costliest in American history when adjusted using inflation and wealth normalization, yielding a cost of nearly 165 BILLION dollars in today's currency!

Think of that:  $165,000,000,000! 

Oh my God...That's more money than Jeff Bezos has!  
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​As a result of the destruction in Florida, the Miami Hurricane compelled an early start to the Great Depression. In the storm's aftermath, the state's 1920s land boom crashed and local land prices cratered.  Banks failed.  Jobs vaporized. For the next  years, the economic malaise spread subtly across the nation like the rolling fog of a nuclear cloud.

Fast Fact: August 28, 1929 was the height of the 1920’s Bull Market  just before the bottom fell out. The Stock Market would take 40 years — not until the 1960’s — to attain the same level as this day in 1929. Scary huh? 



As you drive through today's packed South Florida communities, think about it.  A storm actually started the 12 year Great Depression.

Not even a Hydrogen Bomb can do that!​

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