Overspeculation in western lands

Updated: 4/28/2022
User Avatar

Wiki User

9y ago

Best Answer

Speculation on the potential value of lands in the western part of the emerging United States resulted in the loss of many fortunes. This over-speculation caused rampant and short lived land rushes.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Overspeculation in western lands
Write your answer...
Still have questions?
magnify glass
Related questions

Panic of 1873?

Four year economic depression caused by overspeculation on railroads and western lands, and worsened by Grant's poor fiscal response (refusing to coin silver)

What is the effect of overspeculation in western lands?

It leads to foreclosure and the closing of banks. When overspeculation of land occurs, banks give loans to people who can't afford it because they think the prices of land will increase. And when the prices don't increase, people who took out the loans can't repay them, banks are forced to foreclose on the land, and they gradually go out of business because of all the money they lost giving loans and never being repaid.

What is the ISBN of The Western Lands?

The ISBN of The Western Lands is 0670813524.

When was The Western Lands created?

The Western Lands was created in 1987.

How many pages does The Western Lands have?

The Western Lands has 258 pages.

When did University of the Western Lands end?

University of the Western Lands ended in 1944.

When was University of the Western Lands created?

University of the Western Lands was created in 1940.

What does overspeculation mean?

overspeculate-this how month sagiting will find cinty

What is over speculation?

overspeculation or overspeculate means to speculate over.

The most important controversy dealt with by the government under the Articles of Confederation involved?

the disposition of western lands.

What did the Northwest Ordinance of 1785 provide for western lands?

It provided for the surveying and selling of the land

What is a set of laws to measure the western lands?

The Land Ordinance of 1785 established a system for surveying and dividing western land into townships and sections in the United States. This system helped facilitate the orderly sale and settlement of western territory.