yazoo fraud (Meaning)
yazoo fraud ()
The grant by the State of Georgia, by Act of Jan. 7, 1795, of 35,000,000 acres of her western territory, for $500,000, to four companies known as the Yazoo Companies from the region granted ; -- commonly so called, the act being known as the Yazoo Frauds Act, because of alleged corruption of the legislature, every member but one being a shareholder in one or more of the companies. The act granting the land was repealed in 1796 by a new legislature, and the repealing provision was incorporated in the State constitution in 1798. In 1802 the territory was ceded to the United States. The claims of the purchasers, whom Georgia had refused to compensate, were sustained by the United States Supreme Court, which (1810) declared the repealing act of 1796 unconstitutional. Congress in 1814 ordered the lands sold and appropriated $5,000,000 to pay the claims.
Synonyms & Antonyms of yazoo fraud
No Synonyms and anytonyms found
yazoo fraud Sentence Examples
- The Yazoo land fraud scandal exposed the widespread corruption within the Georgia state government.
- Speculators exploited the Yazoo fraud to illegally acquire vast tracts of land in the Mississippi Territory.
- The Yazoo fraud resulted in the loss of millions of acres of land for the state of Georgia.
- The Yazoo fraud was a pivotal event in the political history of the United States.
- The Yazoo fraud charges were eventually dropped, but the scandal left a lasting stain on the reputation of Georgia politics.
- The Yazoo fraud scheme involved the sale of fraudulent land titles to speculators.
- The Yazoo fraud scandal was a major factor in the rise of the Populist Party.
- The Yazoo fraud scandal led to the resignation of Georgia Governor Edwin Edwards.
- The Yazoo fraud investigation uncovered a web of corruption that reached the highest levels of government.
- The Yazoo fraud scandal is still studied today as an example of the dangers of political corruption.
FAQs About the word yazoo fraud
The grant by the State of Georgia, by Act of Jan. 7, 1795, of 35,000,000 acres of her western territory, for $500,000, to four companies known as the Yazoo Comp
No synonyms found.
No antonyms found.
The Yazoo land fraud scandal exposed the widespread corruption within the Georgia state government.
Speculators exploited the Yazoo fraud to illegally acquire vast tracts of land in the Mississippi Territory.
The Yazoo fraud resulted in the loss of millions of acres of land for the state of Georgia.
The Yazoo fraud was a pivotal event in the political history of the United States.
