Yazoo Land Scandal
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High Quality Content by WIKIPEDIA articles! The Yazoo land scandal, Yazoo fraud or Yazoo land fraud was a massive fraud perpetrated from 1794 to 1803 by several Georgia governors and the state legislature. They sold large tracts of land in what is now the state of Mississippi to political insiders at very low prices. Although the law enabling the sales was overturned by reformers, the land claims were challenged in the courts for years, reaching the US Supreme Court. In the landmark decision, Fletcher v. Peck (1810), the Court ruled that the contracts were binding and the state could not…mehr

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High Quality Content by WIKIPEDIA articles! The Yazoo land scandal, Yazoo fraud or Yazoo land fraud was a massive fraud perpetrated from 1794 to 1803 by several Georgia governors and the state legislature. They sold large tracts of land in what is now the state of Mississippi to political insiders at very low prices. Although the law enabling the sales was overturned by reformers, the land claims were challenged in the courts for years, reaching the US Supreme Court. In the landmark decision, Fletcher v. Peck (1810), the Court ruled that the contracts were binding and the state could not retroactively invalidate the earlier land sales. It was one of the first times the Court had overturned state law. The Yazoo land fraud is often conflated with the Pine Barrens speculation. This involved the state's making overlapping grants of land, which amounted to three times more land than existed in Georgia. It occurred about the same time.