USA HISTORY

Detailed explanation-1: -Most of the land went to speculators, cattle owners, miners, loggers, and railroads. Of some 500 million acres dispersed by the General Land Office between 1862 and 1904, only 80 million acres went to homesteaders. Indeed, small farmers acquired more land under the Homestead Act in the 20th century than in the 19th.

Detailed explanation-2: -In December 2007, Homestead was acquired by financial and tax preparation software giant Intuit for $170 million to bolster its web hosting offerings.

Detailed explanation-3: -To help develop the American West and spur economic growth, Congress passed the Homestead Act of 1862, which provided 160 acres of federal land to anyone who agreed to farm the land. The act distributed millions of acres of western land to individual settlers.

Detailed explanation-4: -Although European immigrants and East Coast migrants were drawn to the idea of homesteading, many homesteaders were settlers who moved from nearby territories to get cheaper land. They were at an advantage, as they were able to claim the best land before East Coast migrants arrived and had farming experience.