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In 1776, land prices varied significantly based on location and availability. For example, in the American colonies, a typical price for farmland could range from $1 to $10 per acre, depending on factors such as fertility and proximity to settlements. In contrast, urban land in cities like Philadelphia or New York could command much higher prices due to demand. Overall, land costs were generally low compared to today's standards, reflecting the vastness of available land and the early stages of colonial development.

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AnswerBot

1mo ago

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