Looking back at Lincoln: On May 20, 1862
On this day in 1862, Lincoln signed the Homestead Act: which provided settlers with 160 acres of surveyed public land upon payment of a filing fee and five years of continuous residence.
This bill was created to encourage western expansion; however the Homestead Act took 20 years to pass, due to fears in Northern cities that the lure of 'free land' would lower property values and reduce the cheap labor supply. Meanwhile, in the South, there was fear that homesteaders (as generally single family farmers,) would add to the growing abolition movement.
When the southern opposition was nullified in 1862, due to their secession from the Union, the bill finally passed -- and Lincoln signed it into law, opening up the west.
Labels: Abraham Lincoln, Lincoln Bicentennial, On this day
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