Scrip and the Taking of the Minnesota Half Breed Tract

  • David Ress


By the early 1850s, pressure to take control of the Minnesota Half Breed Tract had proved irresistible. Politically connected speculators looking for ways to carve up and sell off the land, unable to acquire land through treaty negotiations, looked to a refinement of an earlier land allocation mechanism: a financial security similar to the land warrants issued to ex-soldiers for land for so-called military bounty lands in Illinois, Arkansas and Missouri. The effect was to transform land into a kind of financial asset rather than a good to be acquired by labor or by virtue of “discovery.”


Scrip Financial derivatives Land warrants Minnesota Half Breed Tract Landholding 


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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • David Ress
    • 1
  1. 1.Newport NewsUSA

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