Question

· Georgia sold 40,000,000 acres of land for $500,000 to the Georgia Company, the Georgia-Mississippi Company, the Upper Mississippi Company, and the Tennessee Company. · Many Georgia politicians were stockholders in the companies buying the land. · The land was then re-sold for full profit, with massive payoffs to the Georgia politicians involved in the original sale. These statements are all referring to A) the Land Lottery. B) the Yazoo Land Fraud. C) the Teapot Dome Scandal. D) the Pine Barrens Speculation Scandal.

Answer 1

I say the answer is B.

hope it helps!

Answer 2

Answer:

The correct answer is B. These statements are all referring to the Yazoo Land Fraud.

Explanation:

The Yazoo Land scandal is an episode in the history of the United States: it sparked a violent controversy in 1785 against the allocation of virgin land to former U.S. Army generals just north of the mouth of the Mississippi, in the district of Nachez, around the ex-Fort Rosalie built in the time of the French.

In 1785, the governor of Georgia George Mathews signed the Bourbon County Act, named after the kings of France who previously owned the agricultural sector of Fort Rosalie, taken from the Indians during the Natchez war where the lands began to be protected from the Mississippi floods. The law organizes the allocation to a group of generals and parliamentarians of land along the Mississippi and its tributaries, the Yazoo River, around the present site of Natchez. A secret society called Combined Society is formed, with the aim of making money by using influence on politicians in the state of Georgia.

In 1794, four other companies were born, the Georgia Company, the Georgia-Mississippi Company, the Upper Mississippi Company and the New Tennessee Company, which attempted to obtain 160 square kilometers for $ 500,000. This operation was denounced by the future senator James Jackson, who was elected thanks to a virulent campaign against the scandal.  

The battle continued before the courts. The Supreme Court decided in 1810, in the ruling in Fletcher v. Peck, that the government could not get rid of itself so violently and quickly. Therefore, land buyers could keep their properties.

The authorization to annex the land accelerated speculation on cotton land throughout the southern United States, until the deportation in 1830 of the Indians west of the Mississippi.