United States -- Economic conditions -- 1918-1945; United States -- History
Many of the leading spirits among the colonists had come to America in
the hope of realizing the ideal of "Every man a farm, and every farm a
man." Upon this principle they believed that it would be possible to set
up the free government which so many were seeking in those dark days of
the divine right of kings.
For many years after the organization of the Federal Government men
spoke of the public domain as if it were to last indefinitely. As late
as 1832 Henry Clay, in a discussion of the public lands, could say, "We
should rejoice that this bountiful resource possessed by our country,
remains in almost undiminished quantity." Later in the same speech he
referred to the public lands as being "liberally offered,--in
exhaustless quantities, and at moderate prices, enriching individuals
and tending to the rapid improvement of the country."[41]
The land rose in price as settlers came in greater numbers. Land booms
developed. Speculation was rife. Efforts were made to secure additional
concessions from the Government. It was in this debate, where the public
land was referred to as "refuse land" that Henry Clay felt called upon
to remind his fellow-legislators of the significance and growing value
of the public land. He said, "A friend of mine in this city bought in
Illinois last fall about two thousand acres of this refuse land at the
minimum price, for which he has lately refused six dollars per acre....
It is a business, a very profitable business, at which fortunes are made
in the new states, to purchase these refuse lands and without improving
them to sell them at large advances."[42]
A century ago, while it was still almost a wilderness, Illinois began to
feel the pressure of limited resources--a pressure which has increased
to such a point that it has completely revolutionized the system of
society that was known to the men who established the Government of the
United States.
This early record of a mid-western land boom, with Illinois land at six
dollars an acre, tells the story of everything that was to follow. Even
in 1832 there was not enough of the good land to go around. Already the
community was dividing itself into two classes--those who could get good
land and those who could not. A wise man, understanding the part played
by economic forces in determining the fate of a people, might have said
to Henry Clay on that June day in 1832, "Friend, you have pronounced the
obituary of American liberty."
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account