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DBpedia 2015-10

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Matches in DBpedia 2015-10 for { ?s ?p "The Yazoo land scandal, Yazoo fraud, Yazoo land fraud, or Yazoo land controversy was a massive fraud perpetrated in the mid-1790s by Georgia governor George Mathews and the Georgia General Assembly. They sold large tracts of land in the Yazoo lands, what is now portions of Alabama and Mississippi, to political insiders at very low prices in 1794. Although the law enabling the sales was overturned by reformers the following year, its ability to do so was challenged in the courts, eventually reaching the US Supreme Court. In the landmark decision in 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 Supreme Court had overturned a state law, and it justified many claims for those lands.Some of the lands sold by the state in 1794 had been shortly thereafter resold to innocent third parties, greatly complicating the litigation. In 1802, because of the ongoing controversy, Georgia ceded all of its claims to lands west of its modern border, to the U.S. government, in exchange for which the government paid cash and assumed the legal liabilities. Claims involving the land purchases were not fully resolved until legislation passed in 1814 established a claims-resolution fund.The Yazoo land fraud is often conflated with the Pine Barrens speculation, another land scandal which took place in east Georgia at about the same time. In this case, the state's high-ranking officials were making multiple gifts of land grants for the same parcels, resulting in the issuance of grants totaling much more land than was available in the state of Georgia."@en }

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