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KY_EnviroGuy

(14,500 posts)
8. Ask any Republican out west about this abstract form of socialism...
Thu Aug 1, 2019, 12:37 PM
Aug 2019

See: https://en.wikipedia.org/wiki/Economic_history_of_the_United_States#Land_grants

(snips)

About 180 million acres were granted to railroad construction companies between 1850 and 1871. The Land Grant Act of 1850 provided for 3.75 million acres of land to the states to support railroad projects; by 1857 21 million acres of public lands were used for railroads in the Mississippi River valley, and the stage was set for more substantial Congressional subsidies to future railroads.

The Pacific Railroad Acts financed several transcontinental railroads by granting land directly to corporations for the first time. In addition to operating revenues, railroads were able to finance networks crossing vast distances by selling granted property adjacent to the tracks; these would become highly desirable plots for new settlers and businesses because of the easy access to long-distance transportation.

Various Homestead Acts distributed land nearly for free in return for improvements such as building a house, farming, or planting trees. Between 1862 and 1934, the federal government granted 1.6 million homesteads and distributed 270,000,000 acres (420,000 sq mi) of federal land for private ownership. This was a total of 10% of all land in the United States. Eligibility for the last such program, in Alaska, ended in 1986. The Land Office made about 100 million acres of direct sales in the western United States from 1850 to 1900, benefiting cattle ranchers and speculators.

Where would we be without that massive government intervention?

KY.........
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