Question

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. · 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 A) the Land Lottery. B) the Yazoo Land Fraud. C) the Teapot Dome Scandal. D) the Pine Barrens Speculation Scandal.

Answer 1

The Yazoo Land Fraud bears the distinction of being one of the worst land-related political scandals in U.S. history. In the face of massive public protest, the act was repealed in 1796 by new governor Jared Irwin. All copies of the land act were then burned publicly

Answer 2

The correct answer is B) The Yazoo Land Fraud