Introduction
Economic development is a major goal for many nations. There is a hunger all over the world to know how wealth can be attained and maintained. From research, it is evident that majority of the nations that are known to own immense wealth and are economically growing have first concentrated in their laws to guard the rights and legalities of owning property. The laws have to focus on the major needs of its society. United States of America was like a third world country some years ago. Revolution came as the country went through many situations that finally led to their economic freedom.
Main Body
Firstly to accomplish development United States had to come up with rules and regulations that were to govern the people. The laws were supposed to consider the social economic sector and with a major emphasis on the poor.
The property ownership had to be legalized to all the people. This phenomenon was only implemented in the last 200 years in the United States of America by reforms. The laws were made by merging the poor and the rich with a common goal. Unity was therefore the baseline that promoted ownership and ability to own accumulative wealth.
The property ownership is not easily understood because it does not come instantly. It is therefore important to follow the process keenly. United States had many foreigners. US had to give rights to own property to the settlers and squatters. This was a great opening for business and capital generation. This was useful in that it promoted maximum exploitation of available resources. It was also a good platform for politics. In addition, the rights to property eased the tension and enhanced security in the US.
In the sixteenth Century, a large number of Europeans migrated to the United States. The Europeans came up with their own practices from their government laws. For example, they had laws to regulate prices and wages. Their law included selling of property such as land. The American and European systems contradicted in the way of perception. The United States did not have a consistent land surveying system. This brought confusion in purchasing land and in compensations. There were also many cases of squatting in the United States.
In 1727, the Pennsylvanian legislators opposed and protested against the random ownership of the land because the colonial Americans had already taken about 100,000 acres of land. They had even improved it without the knowledge of the government. The general court bought up the idea of recording and documentation of land ownership. The US had to overcome squatting for it was becoming problematic. The US brought some regulations that made it a burden to the immigrants.
Since this brought conflict, the squatters made a social contract, to defend their ownership of land. They planted corn or wrote their names on the bark of the trees. It was known as Tomahawk rights. This provoked Native Americans. It was becoming uncontrollable to bring down the population of the Europeans. Instead they became increasingly stubborn and violent as they never wanted to follow the rules of the foreign land.
Conclusion
To solve this problem, the pre-emption law was introduced. These laws allowed settlers to buy the improved land. The native also got money from surveying their land and issuing of title deeds. Later on the United States government planned to work against the foreigners. They united to buy lands and they acquired 900 million acres, which was a plan against the squatters. They brought down all the fences and their work was not appreciated.
This again caused the immigrants to sue them, since they denied them of their rights. This conflict made the US to establish new rules that were sensitive to the needs of human both socially and economically. This is why the power of capitalization is evident in the US. By putting resources together and having public ownership it is easy to achieve great goals. The United States made great achievements and grew economically by using these rules.