Once agricultural settlement and the railway came to the region, Macleod boomed. The town became a divisional point for the Canadian Pacific Railway and frontier wood construction began to be replaced by brick and sandstone. In 1906 a fire devastated the downtown and destroyed most of the wooden buildings. From 1906 to 1912 Macleod had its greatest period of growth, as more new brick and stone building replaced the destroyed wooden ones. Then in 1912 the CPR moved the divisional point and 200 jobs to Lethbridge, devastating the local economy. Fort Macleod ceased to grow, and in 1924 was forced to declare bankruptcy. Until the 1970s, the town's economy stagnated and the buildings from the turn-of-the-century remained untouched.