Final answer:
The Los Angeles capitalists bought up arid land in the San Fernando Valley planning to turn it into residential neighborhoods. option (B)
Step-by-step explanation:
The Los Angeles capitalists bought up arid land in the San Fernando Valley planning to turn it into residential neighborhoods.
After the US acquired California, real estate developers made fortunes by buying well-placed ranchos and turning them into thousands of small suburban home lots. This trend continued in the San Fernando Valley, where the capitalists saw the potential for residential development due to its location and proximity to Los Angeles.
The conversion of prime farmland into suburban housing tracts was a common practice in California, which can be seen in the protest against such conversion in Oxnard.