How did speculators take advantage of the Homestead Act? by catering to new markets by promising homesteaders a reliable link to the East by creating phony claims by preparing the land for planting

Speculators took advantage of the Homestead act by creating phony claims. So the correct option is C. The Homestead act was a historic event that took place in the Nineteenth century.

The Homestead act was important and the phony claims made by the speculators were considered as a strategic step in the Homestead Act and helped them have the upper hand in the movement.

Hence, the correct statement is C that the Speculators took the advantage of the Homestead Act by creating phony claims over the land distributed by the US Govt.

To know more about the Homestead Act, please click the link below.

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by creating phony claims

Explanation:

In the United States, the Homestead Act of 1862 mandated that any adult or intended citizen, who had never carry arms against the U.S. government could possess 160 acres of surveyed government land. However, the requirement to acquire the land completely is for the citizens to develop the land by being a resident and carrying out agricultural activities on the land.

However, the speculators at the time, instead of meeting the requirements honestly, they were involved in fraudulent practices by creating phony claims. This is done by building small structures on the land to meet the requirements

demand is the need and oportunity to buy a given good or service.