Chapter
Georgia's Land Lottery System
01:11 - 06:53 (05:41)
In antebellum Georgia, the state government opened up three-quarters of its territory to white settlers through a system of lotteries, where the winners were randomly given land rights in exchange for commitments to develop and cultivate the land. This old system was replaced by more traditional grants and claims, requiring evidence of land development.
Clips
This episode explores the concept of giving away money to help families in need and determining the long-term effect of the money.
01:11 - 04:12 (03:00)
Summary
This episode explores the concept of giving away money to help families in need and determining the long-term effect of the money. By randomizing who receives the money and measuring its impact on future generations, the experiment can yield valuable insights.
ChapterGeorgia's Land Lottery System
Episode139. Would a Big Bucket of Cash Really Change Your Life?
PodcastFreakonomics Radio
This episode explores the Georgia Land Lottery of 1832, which was held to distribute land that had been confiscated from Native American tribes, specifically the Cherokee and the Creek.
04:12 - 05:19 (01:07)
Summary
This episode explores the Georgia Land Lottery of 1832, which was held to distribute land that had been confiscated from Native American tribes, specifically the Cherokee and the Creek. The lottery was a departure from the previous method of granting land, which required a commitment to farming or development of the land, and was seen as an easy way for wealthy white men to acquire land.
ChapterGeorgia's Land Lottery System
Episode139. Would a Big Bucket of Cash Really Change Your Life?
PodcastFreakonomics Radio
The fraudulent sale of Georgia land for settlement created a political scandal that led to the implementation of a more transparent mechanism.
05:19 - 06:53 (01:34)
Summary
The fraudulent sale of Georgia land for settlement created a political scandal that led to the implementation of a more transparent mechanism.