Answered

How did speculators take advantage of the Homestead Act?

A. By catering to new markets
B. By promising homesteaders a reliable link to the East
C. By creating phony claims
D. By preparing the land for planting



Answer :

GinnyAnswer

Final answer:

Speculators exploited the Homestead Act through false claims on valuable federal lands, profiting from loopholes in the system.


Explanation:

Speculators took advantage of the Homestead Act by exploiting loopholes like the Timber and Stone Act, where they used 'dummies' to file phony homestead claims on valuable federal lands, which were then sold for profit to timber companies. This practice enabled large areas of land to be acquired under false pretenses, benefiting speculators and politicians, leading to exposure and legal repercussions.


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