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Michael Blakeman

Michael Blakeman

Associate Professor of History at Princeton University and author of Speculation Nation: Land Mania in the Revolutionary American Republic (winner of the Frederick Jackson Turner Award).

Jul 20, 2026

7:54
How did our founders plan to pay that debt?
7:59
I mean, land really was essential to how they thought they were gonna address this, this fiscal crisis.
8:06
You know, members of the Continental Congress, state legislators, state governors look west, and they see what they believe to be a vast expanse of land that, like, more than is theirs for the taking, that they have already taken.
8:24
As patriots are looking westward, they're thinking about trying to solve their financial problems by selling off what is, in reality, other people's land.

12 MINS LATER

20:32
Through an orgy of corruption and greed, 18th-century finance bros bought almost 100 million acres of land from the government.
20:42
We're talking about basically half of present-day Ohio, the western third of present-day New York, the western third or so of Pennsylvania, pretty much all of Kentucky and Tennessee, and big chunks of Alabama and Mississippi, not to mention Georgia itself.
21:00
And my gosh, all of West Virginia, [laughs] and a huge extent of Maine.

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