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Why the Rush? : An Institutional Economic Analysis of Homesteading and the Settlement of the West

Leonard, Bryan Allen, Douglas W.

Ronald Coase Institute Series on New Institutional Economics

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Homesteading was an almost existential policy that is mostly misunderstood. When seen as a means of transferring title, it is clearly inferior to land sales. However, it allowed both American and Canadian governments to establish sovereign control without the use of massive military efforts.

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