Stock FAQs

why did cherokee stock rise?

by Kendall Brakus III Published 3 years ago Updated 2 years ago
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How much money did the Cherokee get from the government?

Actual payment did not occur until 1964, when the Cherokee finally settled their claims against the U.S. government for the actual value of the Cherokee Strip land opened to settlement in 1893. This amounted to about $14.7 million, which was paid to the original allotment holders or their heirs.

Why was the Cherokee Nation forced into the United States?

The United States forced the Cherokee Nation of Indians to cede to the United States all lands east of the Mississippi River in exchange for a reservation and an "outlet" in Indian Territory (later Oklahoma). At the time of its creation, the Cherokee Outlet was about 225 miles (360 km) long.

What was the Cherokee Outlet and why was it created?

The Treaty of New Echota assigned the Cherokee Outlet, along with other lands, to the Cherokee Nation. Ratified on May 23, 1836, it was to be a perpetual outlet to use for passage to travel and hunt in the West from their reservation in the eastern part of what became Oklahoma.

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Why was the Cherokee Strip livestock Association formed?

Formed March 7, 1883, at Caldwell, Kansas, by Kansas ranchers to regulate roundups, to keep a record of members brands, and to resolve the issue of stray cattle, the Cherokee Strip Live Stock Association provided order and organization to cattle ranchers throughout the Cherokee Strip.

Who put the Cherokee Strip live stock out of business?

The Cherokee national Council voted to renew the lease in 1888 for $200,000. Lame Duck President, Benjamin Harrison, voided the lease on February 17, 1890 and ordered the members of the Cherokee Strip Live Stock Association off the range by October 1, 1890.

How did the Civil War affect tribal livestock raising?

After their removal to Indian Territory, the Five Civilized Tribes raised livestock. This greatly enhanced their eco- nomic recovery from losses incurred during removal. The war virtually wiped out the herds that had grazed territorial pasture lands, along with the prosperity of the cattlemen.

How did the government obtain rights to Cherokee Outlet?

In an effort to generate income for the nation, the Cherokee government began collecting grazing fees from individual cattlemen in the Outlet in 1878. The Cherokee Strip Livestock Association formed in 1883 and signed a five year lease with the nation for use of the outlet at a rate of $100,000 per year.

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What did the Cherokee do to the United States?

The United States forced the Cherokee Nation of Indians to cede to the United States all lands east of the Mississippi River in exchange for a reservation and an "outlet" in Indian Territory (later Oklahoma). At the time of its creation, the Cherokee Outlet was about 225 miles (360 km) long. The cities of Enid, Woodward, Ponca City, ...

How much did the Cherokee pay for the title of the Cherokee?

After a great amount of pressure, and confirmed by a treaty Congress approved March 17, 1893, the Cherokee agreed, for "the sum of $8,595,736.12, over and above all other sums" to turn title over to the United States government.

What was the impact of the settlement of non-Cherokee Indians in the eastern portion of the Cherokee

The practical impact of this settlement of non-Cherokee Indians in the eastern portion of the Cherokee Outlet was to cut the Cherokee off from easy access to the western part of the outlet , thus making it "virtually useless" to them.

What is Cherokee Strip?

The Cherokee Strip was a 2-mile wide piece of land running along the northern border of much of the Cherokee Outlet. It was the result of a surveying error. The whole of the Cherokee Outlet is often called the Cherokee Strip.

How many acres were there in the Cherokee Reservation?

Their new lands included a 7.0-million-acre reservation and "a perpetual outlet west...as far west as the sovereignty of the United States" extended. The parcel of land extending west from the Cherokee reservation became known as the Cherokee Outlet.

Where is the Cherokee Outlet located?

The Cherokee Outlet, or Cherokee Strip, was located in what is now the state of Oklahoma in the United States . It was a 60-mile-wide (97 km) parcel of land south of the Oklahoma-Kansas border between 96 and 100°W. The Cherokee Outlet was created in 1836. The United States forced the Cherokee Nation of Indians to cede to ...

What was the Cherokee's role in the Civil War?

With the coming of the American Civil War in 1861, the Cherokees and other Indians living in Indian Territory were divided between support for the Union and the Confederate States of America. A substantial number of Cherokees were slave owners.

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