Georgia sold 40,000,000 acres of land for $500,000 to the Georgia Company, the Georgia-Mississippi Company, the Upper Mississippi Company, and the Tennessee Company.

Question

· Many Georgia politicians were stockholders in the companies buying the land.

· The land was then re-sold for full profit, with massive payoffs to the Georgia politicians involved in the original sale.

These statements are all referring to
Responses
A the Land Lottery.the Land Lottery.
B the Yazoo Land Fraud.the Yazoo Land Fraud.
C the Teapot Dome Scandal.the Teapot Dome Scandal.
D the Pine Barrens Speculation Scandal.the Pine Barrens Speculation Scandal.

Answer 1

The statements you provided are referring to B. the Yazoo Land Fraud. This event involved a scandal in the 1790s where land was sold at very low prices to companies that had connections to politicians, leading to widespread corruption and public outcry.