The city of Jacksonville, Florida, began to grow in the late 18th century as Cow Ford, settled by British colonists. Its major development occurred in the late nineteenth century, when it became a winter vacation destination for tourists from the North and Midwest. Its development was halted or slowed by the Great Fire of 1901, the Florida Land Bust of the 1920s, and the economic woes of the 1960s and 70s. Since the late 20th century, the city has experienced steady growth, with a new federal building constructed in downtown in 2003.