Money, Mortgages, and the Conquest of America

  title={Money, Mortgages, and the Conquest of America},
  author={K-Sue Park},
  journal={Law \&\#x0026; Social Inquiry},
  pages={1006 - 1035}
  • K-Sue Park
  • Published 1 September 2016
  • Economics
  • Law & Social Inquiry
In colonial America, land acquired new liquidity when it became liable for debts. Though English property law maintained a firm distinction between land and chattel for centuries, in the American colonies, the boundary between the categories of real and personal property began to disintegrate. There, the novelty of easy foreclosure and consequent easy alienation of land made it possible for colonists to obtain credit, using land as a security. However, scholars have neglected the first… 
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