Which of the following statements most accurately describes federal land policy between 1800 and 1840?

- The government steadily increased the minimum purchase size of federal lands and tightened the terms of repayment.

- The government eventually sold land only to speculators, not to individuals.

- The government set an artificial ceiling on land prices to protect would-be farmers.

- The government steadily reduced the minimum purchase size of federal lands and loosened the terms of repayment.

Question

Lilliana Douglas

History

16 December, 14:07

Which of the following statements most accurately describes federal land policy between 1800 and 1840?

- The government steadily increased the minimum purchase size of federal lands and tightened the terms of repayment.

- The government eventually sold land only to speculators, not to individuals.

- The government set an artificial ceiling on land prices to protect would-be farmers.

- The government steadily reduced the minimum purchase size of federal lands and loosened the terms of repayment.

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Snickers · Answer 1

The best option is "The government steadily reduced the minimum purchase size of federal lands and loosened the terms of repayment."

In an effort to pass the property of land to private entities. The government initially granted a minimum price of land at 2$ per acre and additionally made it possible for purchasers to access to credit. This led to a rapid rise in land sales between 1800 and 1820.

During the year 1820, the government decided to end with the credit system but reduced the minimum price of land at 1.3$ per acre. This led to a greater increase in sales and revenue.