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Welcome to The Miami Newsletter!

In today’s edition:

• Greed was not good a Florida man’s insider trading of ADT stock cost him $524,000.

• Upcoming Jacob Forever concert

• A deep-dive into the life of John DuBois

• And more….

Quote of the Week

“Great things are not done by impulse, but by a series of small things brought together.” 

— Vincent Van Gogh

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Trivia

Here is your trivia question of the week. The answer will be shown in next week’s newsletter. Which do you think it is? No cheating!

Which Miami festival is known for its electronic music, live performances, and international DJ lineup, attracting thousands of music fans each year?

A) Calle Ocho Festival

B) Ultra Music Festival

C) Miami Music Week

D) Rolling Loud Miami

Answer to Last Week's Trivia: The museum dedicated to the preservation and display of international contemporary art, particularly from Latin American artists, is C) Pérez Art Museum Miami.

New

💼 Business

Greed was not good a Florida man’s insider trading of ADT stock cost him $524,000. (Link)

A Fort Lauderdale attorney misappropriated $612,000. He’s been disbarred, but not found. (Link)

🏒 Sports

U.S. women's soccer team beats Brazil 1-0 to win gold medal at Paris Olympics. (Link)

American Rai Benjamin beats world-record-holder to win Olympic gold in 400-meter hurdles. (Link)

🏦 Finance

Condo HOA fees jumped 60% in South Florida in past 5 years. Why higher costs are ahead. (Link)

Upcoming Events

Here are some events that are happening in our city this week. There is a good mix between sports, entertainment, conferences, concerts, and more.

Sports

⚾ 2024 Arizona Diamondbacks at Miami Marlins
loanDepot park, Miami
Mon, Aug 19th - Wed, Aug 21st | (More info)

⚾ 2024 Chicago Cubs at Miami Marlins
loanDepot park, Miami
Fri, Aug 23rd - Sun, Aug 25th | (More info)

Music & Concerts

🎵 2024 Brooke Evers
E11EVEN Miami, Miami
Thursday, Aug 15th | (More info)

🎵 2024 Jacob Forever
Flamingo Theater Bar, Miami
Saturday, Aug 17th | (More info)

Family

🌳 2024 By Brothers Family Park Ticket
15515 Southwest 177th Avenue, Miami
Friday, Aug 16th | (More info)

Image of the Week

Every week, I have a habit of making some AI art about our city.

This week, I typed in “Futuristic Miami with advanced weather control systems” and this is what I got.

Let me know what ideas you have for this. I really enjoy making these types of photos.

Miami Historical Events

Miami's Real Estate Collapse (1926) - Leading to the city's first major economic downturn.

The real estate collapse of 1926 marked Miami's first major economic downturn, a pivotal event that dramatically halted the city's burgeoning growth and speculative boom of the early 1920s. Fueled by speculative investments and a rapid influx of residents and developers, Miami's real estate market experienced unprecedented growth, leading to inflated property values and unsustainable development. The bubble burst in 1926, exacerbated by a devastating hurricane that struck in September of that year, causing widespread destruction and further eroding confidence in the local economy. The collapse led to a significant number of bankruptcies, abandoned projects, and a sharp decline in population as investors and residents alike fled the faltering city.

The aftermath of the real estate collapse was profound, casting a long shadow over Miami's development and financial stability. Banks failed, businesses closed, and unemployment soared, as the city grappled with the consequences of its overextended boom. The downturn was a stark reminder of the risks associated with speculative bubbles and the vulnerability of economies heavily reliant on a single industry. Despite the immediate hardships, the collapse also set the stage for regulatory changes and a more cautious approach to development in the future, laying the groundwork for a more stable and diversified economy.

In the years following the collapse, Miami slowly began to recover, driven by efforts to rebuild and reinvent itself. The city's strategic location and natural beauty remained compelling draws, attracting new waves of residents and investors. The downturn also prompted a shift towards more sustainable growth models, emphasizing tourism, agriculture, and later, international trade and finance. The 1926 real estate collapse, while a significant setback, ultimately contributed to the maturation of Miami's economy, highlighting the city's resilience and capacity for renewal in the face of adversity.

Famous People From Miami

John DuBois , Pioneer of the pineapple industry in Miami.

John DuBois's journey began in an era where little was documented about the pioneers who would later shape the agricultural landscape of America. Born into a family of farmers, DuBois was instilled with a passion for cultivation and an innate connection to the land from a young age. His education, though not formally recorded, was rich in practical experience and wisdom passed down through generations.

The Move to Miami (Late 19th Century)

Seeking new opportunities, DuBois moved to Miami, a place then considered the frontier of agricultural experimentation. Miami's unique climate presented both challenges and opportunities, setting the stage for DuBois to apply his innovative farming techniques.

Pioneering Pineapple Cultivation (1880s-1890s)

In Miami, DuBois saw the potential for pineapple cultivation, a crop not traditionally associated with the area. Through trial and error, he developed cultivation methods that would thrive in Florida's subtropical climate, effectively laying the groundwork for the pineapple industry in Miami.

Expansion and Innovation (1900s-1910s)

As his success with pineapples grew, so did DuBois's operations. He was among the first to implement irrigation techniques and organic fertilization methods, significantly increasing yield and setting new standards for pineapple farming.

Community Engagement and Leadership (1920s)

Beyond his agricultural pursuits, DuBois emerged as a community leader. He was instrumental in establishing local institutions and infrastructure that supported both the agricultural and social needs of Miami's growing population.

Overcoming Challenges (1930s)

Despite facing natural disasters and economic downturns, DuBois's resilience led the pineapple industry through tough times. His efforts helped stabilize the local economy and maintained Miami's status as a pineapple hub.

Legacy and Retirement (1940s)

As he moved into retirement, DuBois's legacy in Miami and the pineapple industry was well-established. His innovations and leadership had not only transformed Miami into a pineapple powerhouse but also inspired a generation of farmers.

Connection to Miami

DuBois's impact extended beyond Miami, particularly in Miami, where he shared his expertise. His work in Miami helped establish similar agricultural successes, linking his legacy to multiple locations and demonstrating his influence on American agriculture.

Final Years and Legacy (1950s)

John DuBois spent his final years witnessing the fruits of his labor, as Miami continued to thrive as a center for pineapple cultivation. His death marked the end of an era but left a lasting impact on the industry.

Key Achievements:

• Pioneered the pineapple industry in Miami, adapting cultivation techniques for the subtropical climate.

• Introduced innovative farming methods, including irrigation and organic fertilization.

• Played a key role in community development, supporting the establishment of local institutions and infrastructure.

• Overcame numerous challenges, ensuring the stability and growth of the pineapple industry through economic downturns and natural disasters.

John DuBois, often hailed as the father of Miami's pineapple industry, left an indelible mark on the region and beyond. His innovative approach to cultivation and dedication to community set the foundation for what would become a booming agricultural sector. Through his efforts, Miami emerged as a leading pineapple producer, and his legacy continues to inspire agricultural practices today. DuBois's story is a testament to the impact one individual can have on an industry and a community.

Connect With Me

If you want to connect, reply to this email and let me know what you think.

I would love to hear from you. Don’t be shy.

-Matthew Larsen

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