Historical industries in the area included fox farms, sawmills, angora rabbit farming, and dry-land potato and grain farming. Laborers also harvested ice from Monument and Palmer Lakes, and this industry continued until 1941. In 1894 there were over under cultivation, but in 1895 a potato blight infected the soil and potato farming eventually stopped. At that time, Monument was famous for holding an annual "Potato Bake", a fall celebration where a free feast would be held just across the tracks from Front and Second Streets.