Showing posts with label United States use of Land as Currency. Show all posts
Showing posts with label United States use of Land as Currency. Show all posts

Wednesday, March 24, 2010

Iowa Land Prices compared to White Reading


In the White reading, I thought that it was interesting that the United States used land as a type of currency. Whenever they needed to pay a state or individual they would give them land somewhere in the Midwest. They never really balanced a budget, but they used "unlimited" land supplies to pay for items that they needed.
Also, I did some research to see how much land prices have increased from the $2.00 to $2.25 dollars per acre. http://www.landandfarm.com/lf/asp/search_results.asp?landstateid=20
At this website there is 160 acres of farmland for sale in Dallas county Iowa for $14,375 an acre.
I thought that this was a really interesting comparison since it also was 160 acres.