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Modern private property ownership:

In 1538 almost a half-million acres of land were marketed for sale by King Henry VIII of England. He needed cash. Until that time all land was owned by rulers and privately owned land was unknown. The huge sale included the land of almost 400 monasteries that he had dissolved. Upon their dissolution monastic lands automatically reverted to their feudal overlord- the king.

Under the feudal system, all land was owned by the king. Huge estates and everything they could produce were parceled out to monastics and aristocrats in exchange and as a reward for their services. However, the "fee" in the land was still owned by the crown. The feudal lords then parceled out the land to their knights and farmers, tradesmen and other tenants in the villages that grew around the estates.

Not surprisingly the concept of measuring land was also developed at approximately the same time in England. In order to be transferred land needed to be measured and then mapped out. This change in thinking, that land could be privately owned, triggered a slowly evolving sea change in the old ways. Privately owned real estate could be sold and the owner's heirs would inherit it upon his, and later her, death. The owner of land has the right to possess the land and also reap the profits from it.

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