A land is called a fief in the Middle Ages.
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Originally the land was claimed for the King and country. Then it was opened up for investors who offered land to people who would settle it. By the time of the Revolution, many citizens owned land. If this was not true, I doubt many people would have fought for independance.
In return, the knights promised to fight on the king's behalf.
When they got back from the crusades. IF they got back from the crusades. Knights were landed gentry of the dark ages who were rewarded for their service to the king by land. That land contained villains (commoners) who were tithed (servents of) to the knight of the manor. The villains worked on the land for the knight and the sale of the crops made the Knight money. Also during times of war they were allowed by the king to take bounty from the victories that they were instrumental in.
In 1775 there was only 3 colonies. Maryland, Pennsylvania, and Delaware. These colonies were organized by a proprietor, a person whom the king had made a grant of land. The land owner governed the people.
the Medieval Knight did not earn money. In return for his services to the lord or king, the knight would be payed by gaining land.