HomeStead

aka Homestead Act

http://en.wikipedia.org/wiki/Homestead_Act

The Homestead Act of 1862 was a UnitedStates federal law that gave one quarter of a section of a township (160 acres, or about 65 hectares) of undeveloped land (Real Estate) in the American West to any family head or person who was at least 21 years of age, provided he lived on it for five years and built a house of a minimum of 12 by 14 feet, or allowed the family head to buy it for $1.25 per acre ($308/km2) after six months... It was introduced with the hope and expectation that it would relieve the concentration of immigrants (Immigration) in the East, and act as a safety valve to relieve the pressure of UnEmployment in the East.


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