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On May 17, 1900, President William McKinley signed the Free Homes Act into law. As a result of the law, $15 million in purchase price that was due to the U.S. government from homesteaders in Oklahoma Territory was waived. This would be the equivalent to nearly $450 million in today's money. It is hard to imagine the unity of purpose as this burden of debt was lifted from tens of thousands of landowners throughout the territory. Celebrations immediately broke out all across the territory. The...
