The post-war years brought renewed hope and a surge of growth for the city. The hurricane destroyed many of Young’s buildings and infrastructure, leaving the city in ruins.ĭespite these setbacks, Hollywood persevered and began to rebuild. Just as Hollywood was beginning to recover, a devastating hurricane struck in 1926, causing widespread destruction and loss of life. The economic downturn led to financial difficulties and slowed down the city’s growth. First, the Great Depression of the 1930s dealt a severe blow to Hollywood’s development. Young’s dream was almost derailed by two significant events. The Great Depression and the Hurricane of 1926 But then, the Great Depression hit, and Hollywood’s economy came crashing down. Hollywood experienced a boom in the early 1920s, and the population grew rapidly. He also attracted investors and developers who were eager to build hotels, homes, and businesses in Hollywood.įor a time, it seemed like Young’s dream was coming true. He quickly began to build roads, bridges, and other infrastructure in the new city. Young’s vision for Hollywood was ambitious, but he was a successful developer with a proven track record. Young named his new city Hollywood after the famous neighborhood in Los Angeles. He envisioned a “dream city” by the sea, complete with beautiful beaches, luxurious hotels, and vibrant cultural attractions. In 1921, Joseph Wesley Young purchased 16,000 acres of land in what is now Hollywood, Florida. The Great Depression and the Hurricane of 1926.
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