Orange County is created from the south end of L.A. County. San Fernando Valley wheat fields produce over 500,000 bushels. At 1st and Spring st. The ornate brass and glass gondola, with a view of the city, takes couples from he street level to the third floor, The Marriage Licence Bureau. After the city's biggest boom, L.A. immediately has one of it's largest depressions.
Speculative capital is cut off.
Promoters are overextended. Thousands leave, as banks refuse to lend on speculator driven, inflated property. A Major Central Valley quake near Antioch. The San Jacinto Quake destroys the town and parts of Riverside. It is felt strongly in Santa Monica and Redondo Beach.