Many people viewed the newly opening west as a golden opportunity to make money. Which passage best describes one of these groups of people known as "Land
Speculators?"

Speculators bought western lands in large quantities and land companies organized and entered great tracts embracing entire townships. At the same time, land grants given the railroad companies to encourage the building of transcontinental lines attracted a great deal of speculative purchase.They create much larger markets than would exist if only builders purchased land, allowing farmers and other owners greater opportunities to convert their properties into cash. In times such as the present, speculators make up a substantial part of whatever urban land market exists and prevent the bottom dropping out.

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