Final answer:
Land that cost $600 during the Cotton Revolution could sell for more than $3,000 in 1850, and by 1860, it could be valued at up to $100,000. This dramatic increase was due to factors like production, location, and the use of slaves as collateral. Considering this, the likely current value following this trend would be reflected by option b, $1,000.
This correct answer is b.
Step-by-step explanation:
The question pertains to the change in land values during the Cotton Revolution, a period marked by the feverish purchase and sale of land due to its production potential.
Given the historical context provided, the Mississippi land which was worth $600 in 1835 increased in value significantly by 1850, selling for upwards of $3,000 due to the gold rush and eventually, certain parcels could be valued as high as $100,000 by 1860.
This increase in land value was a result of various factors including production records, location, and the use of slaves as collateral.
If we compare these historical figures to the present-day scenario provided in the question, we can infer that land which was originally $600 before the gold rush would now sell for a much higher value, specifically option b, $1,000 as none of the other provided figures closely match the historical pattern of increase.
This correct answer is b.