Land speculators were individuals or groups who purchased land with the intention of reselling it at a profit, often taking advantage of rising property values or changes in land use. They played a significant role in the expansion and development of various regions, particularly in the United States during the 19th century. Speculators often acquired large tracts of land, sometimes leading to speculation bubbles and economic instability. Their activities could significantly impact local economies and land availability for settlers and farmers.
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