Realtor Income Exploration: Crowdsourced Funding for Agent Fees

Introduction:

In our last Time Capsule, we tackled the events that had an impact on American real estate and economy for the year 1794. It was a year filled with tension as the Whiskey Rebellion intensified and the United States Government had to step in and take action. Fortunately for the government, President George Washington was there to take charge and with his leadership and reputation, he quelled the uprising without resorting to violence. For today’s Time Capsule, we will be tackling the events that transpired in 1795

Three Key Points

1. Treaty of Greenville:  Formally titled as A treaty of peace between the United States of America, and the tribes of Indians called the Wyandots, Delawares, this treaty is a formal agreement between the United States government and the Western Confederacy, which was a loose association of different Native American tribes. The treaty effectively ended the Northwest Indian War which raged for a decade. The treaty was very significant for the real estate development of the country because it defined the boundary between the lands that would remain reserved for the Native Americans and those that were for settlers.

2. Treaty of Madrid: Also known as Pinckney’s Treaty and the Treaty of San Lorenzo, this treaty defined the border between the United States and what was then Spanish Florida. The treaty ended the initial border disputes between the United States and the Spanish Empire. It also guaranteed navigation rights on the Mississippi River, which was a major development for commerce and the eventual settlement of the rest of the continent. 

3. Battle of Nu’uanu: In 1795, Hawaii was not part of the United States yet. There were several kingdoms in the islands which fought for supremacy. The Battle of Nu’uanu was one of the final battles that was fought on the island of Oʻahu as part of King Kamehameha I’s efforts to conquer all of the islands. After the battle, Kamehameha I was known as the ruler of the Kingdom of Hawaii although there were still a  few islands that had to submit to his rule.

Headline Real Estate News Stories in 1795

Without any doubt, the Treaty of Greenville was the most significant event of 1795. It marked the end of the Northwest Indian War, which was a long, costly, and bloody conflict. Unfortunately, it was only the first of what would be known as the Indian Wars. 

The Northwest Indian War started in 1785 when a confederacy that was led by the Hurons started to resist the encroachment of settlers into lands that were supposed to be Indian territory. However, the settlers did have a reason to explore those lands because it was supposed to have been granted to the United States under the Treaty of Paris. 

Great Britain supported the Native American tribes and influenced them to keep on fighting the United States government. At first, the United States Army suffered heavily at the hands of the Native American confederacy but after their defeat at the  Battle of Fallen Timbers, the Native American tribes were forced to sign an agreement with the United States government.

What Historic Real Estate Events Shaped 1795?

The Treaty of Paris was the event that helped shape 1795. The treaty defined the Great Lakes to be the border between the United States and the British territory in North America. However, the Native American tribes of the affected areas were not ready to give up their lands to the settlers.

With the support of the British, the tribes fought the United States Army. If the Treaty of Paris had been clearer on which lands would remain as the territory of the tribes, then the Indian wars might not have been waged.

Economic Factors, Supply, and Demand

The French Revolutionary Wars were still ongoing at this period. Britain, France, and a major part of Europe were still embroiled in conflict. This allowed American industries and businesses to grow.

Government Policies and Interventions

The treaties that have been listed here are government policies and interventions that have an impact on the future real estate industry of the United States. The treaty ending conflict for example means that more settlers would be able to move in and the demand for land would increase.

Demographic Factors

As of 1795, there were almost 700,000 slaves in the United States. Settlers from Europe also continued to flow into the new country, which increased the demand for land. The Naturalization Act of 1795 also increased the period required for the naturalization of a settler from two years to five.

Environmental Factors

A huge part of the North American continent was still untouched by modern civilization. Although a few frontiersmen have ventured into the interior of the continent, there was still so much to be explored. The world still had no idea about the wealth of the continent that lay in waiting.

Transportation and Infrastructure  

In 1795, the infrastructure in the United States had mostly stayed the same since the start of the Revolution. It would be many years before any of the great public works projects would have an impact on American life.

1795 was a significant year for the United States. It marked the end of a conflict that had marked lands as off-limits to settlers. It was a year of treaties that helped to develop the country into what it is now today. What’s in store for the country in 1796?  Join us in our next Realty Time Capsule as we explore the development of the real estate development of the United States.

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For a deeper understanding and look into these topics check out these titles:

Northwest Indian War:

Battle of Nu’uanu