A “mania” over this good and its preemptive rights fueled much of the early American Republic, according to a 2023 book by Michael Blaakman. Thomas Jefferson’s father Peter was a founder of a “Loyal Company of Virginia” to acquire this good. The first section of Woody Holton’s book Forced Founders posits that Lord Dartmouth’s denial of bounties for this good led Virginians like George Washington to declare independence. John Randolph of Roanoke’s outrage at a bailout for buyers of this good led to him forming the tertium quids. James Wilson and Robert Morris both landed in debtors’ prisons after losing their fortunes speculating on this good. An illegal sale of this good led to the Supreme Court case Fletcher v. Peck. For 10 points, what resource was the subject of a “fraud” in Yazoo, and was acquired as part of the Louisiana Purchase? ■END■
ANSWER: land [accept Yazoo Land Fraud; accept Loyal Land Company; Speculation Nation: Land Mania in the Revolutionary American Republic; prompt on property]
<American History>
= Average correct buzz position