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Statements

Subject Item
dbr:Chicago_real_estate_bubble_of_the_1830s
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yago:Globule109289709 yago:WikicatRealEstateBubbles yago:Bubble109229709 yago:Ball113899404 yago:RoundShape113865483 yago:Sphere113899200 yago:Abstraction100002137 yago:Attribute100024264 yago:Shape100027807
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Chicago real estate bubble of the 1830s
rdfs:comment
The Chicago real estate bubble of the 1830s was a real estate bubble, during which time the per acre prices (in 2012 dollars) in the future Chicago Loop increased from $800 in 1830 to $327,000 in 1836, before falling to $38,000 per acre by 1841. The Bank of Illinois began foreclosing on large amounts of real estate in the aftermath of the bust before it declared bankruptcy in 1842.
dcterms:subject
dbc:1830s_in_Chicago dbc:1840s_in_Chicago dbc:1840s_economic_history dbc:1830s_economic_history dbc:Real_estate_bubbles
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39047046
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1016917668
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dbo:abstract
The Chicago real estate bubble of the 1830s was a real estate bubble, during which time the per acre prices (in 2012 dollars) in the future Chicago Loop increased from $800 in 1830 to $327,000 in 1836, before falling to $38,000 per acre by 1841. The Bank of Illinois began foreclosing on large amounts of real estate in the aftermath of the bust before it declared bankruptcy in 1842.
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