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-The companies resold the land to make huge profits to either other speculators or to innocent civilians that wanted to settle in the area
-Most state residents were angry about the Yazoo Land Fraud. Because of this the legislators that passed the bill fled the state.
- In 1796 new legislature repealed the Yazoo Act and had the original plans and copies destroyed
-Land by the Mississippi River that was once part of Georgia was
originally claimed by the Native Americans
-State leaders wanted to open the land for settlement purposes
-If the Native Americans left, then the white population could settle the land, which would increase Georgia’s population, and bringing money to whoever sold the land.
http://georgiainfo.galileo.usg.edu/topics/history/article/revolution-early-republic-1776-1800/yazoo-land-fraud
http://www.georgiaencyclopedia.org/articles/history-archaeology/yazoo-land-fraud
http://markers.georgiahistory.com/DSC03051.jpg
1814
1789
-Since the land could not be taken away from people that settled there, the issue was brought to court and eventually made its way to Supreme Court
-It was only in 1814 when the federal government took over the land and paid all the Yazoo claims that the scandal ended
-Companies started trying to buy some of this land as early as 1789. But things didn't start going into into business until 1794
-Four private land companies bribed local politicians to pass a law that stated: "An Act supplementary to an Act entitled ‘An Act for appropriating a part of the unlocated territory of this state for the payment of the late state troops, and for other purposes therein mentioned, declaring the right of this State to the unappropriated territory thereof, for the protection and support of the frontiers of this State, and for other purposes."
....but meant that the companies could buy 35 million acres of land for less than two cents an acre