Because congress's ability to raise money from states was limited, it decided to raise revenue by selling these lands
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Ceded its western claim that extended Mississippi River to the Federal Government.
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.
The Spanish and the French were negotiating the ownership of the Louisiana territory.
the land ordinace
The confederation congress wanted to sell the nations western lands so that they could pay the nation's debts. They wanted to sell the land to the public.