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About: Lindbergh Boom     Goto   Sponge   NotDistinct   Permalink

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The Lindbergh Boom (1927–1929) is a period of rapid interest in aviation following the awarding of the Orteig Prize to Charles Lindbergh for his 1927 non-stop solo transatlantic flight in the Spirit of St. Louis. The Lindbergh Boom occurred during the interwar period between World War I and World War II, where aviation development was fueled by commercial interests rather than wartime necessity. During this period, dozens of companies were formed to create airlines, and aircraft for a new age in aviation. Many of the fledgling companies funded by stock went under as quick as they started as the stock that capitalized them plummeted in value following the Wall Street Crash of 1929. The Great Depression dried up the market for new aircraft, causing many aircraft companies to go into bankrupt