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"A league and a labor" (4,605.5 acres; 18.638 km 2) was a common first land grant [4] and consisted of a league of land away from the river plus one extra labor of good riparian (river-situated) land. A headright of this much land was granted to "all persons [heads of families] except Africans and their descendants and Indians living in Texas ...
The claimed homestead could include the same land which they had previously filed a preemption claim (on up to 160 acres at $1.25 per acre, or up to 80 acres of subdivided and surveyed land at $2.50 per acre), and they could expand their current ownership to contiguous adjacent land up to 160 acres total.
But to encourage more sales and make them more affordable, Congress also reduced both the minimum price (from $2.00 to $1.25 (equivalent to $27 in 2023 [1]) per acre ($495 to $309/km 2)) and the minimum size of a standard tract (from 160 to 80 acres (647,000 to 324,000 m 2)). The minimum full payment now amounted to $100, rather than $320. [2]
The land run started at high noon on April 22, 1889. An estimated 50,000 people were lined up at the start, seeking to gain a piece of the available two million acres (8,100 km 2). [2] The Unassigned Lands were considered some of the best unoccupied public land in the United States. The Indian Appropriations Act of 1889 was passed and signed ...
A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and income. [ 3 ] [ 4 ] The land value tax has been referred to as "the perfect tax" and the economic efficiency of a land value tax has been accepted since the eighteenth century.
This consisted of most of the land in the Mississippi River's drainage basin west of the river. [1] In return for fifteen million dollars, [a] or approximately eighteen dollars per square mile, [b] the United States nominally acquired a total of 828,000 sq mi (2,140,000 km 2; 530,000,000 acres) in Middle America.
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