Congress establishes liberal credit system, sale of public
1/4 down, 5 years to pay for min.
[Very likely it took this
, a truly Jeffersonian land
policy, to accelerate settlement west of Ohio R.
maps of pop density: 1800, p.206; 1810, p.283; 1820, p.327.
Pace of westward expansion picks up fast after 1800.
New states: Ohio, 1803; LA, 1812; then a flood, 1816-21:
IN, MS, IL, AL, ME, MO.
(Lake states did not come in until
after Erie Canal.)]
Congress adopts new land sales policy.
Lowers min. size
from 640 to 320 acs.
1804, lowers to 160 acs.
Price fixed at $2/ac, regardless of size of purchase.
I.e., no more wholesale discounts.
P.170, Interest in quick flips wanes; internal improvements
and townsites now seen as essential.
"'Town jobbing' .
the new form of land grabbing."
This was a peacediv w/o war, it fell into our
laps as Nap. was buying allies, or buying off potential enemies.
Nap. needed money, they say, but he even extended credit!
(Paxdiv can take form of land acquisition.
history, often did.
As a result, higher rents result in massive
expansion onto new lands: land-linking and land-enhancing look
better than land-saving.)
Treaty stipulated residents would become citizens, and all
their property recognized, including slaves.
(Thus, Nap. didn't
sell us LA as a pvt. seller might;
He sold U.S. Govt. the duty
to protect LA for the French landowners already there.