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In 1848, the cost of an acre of land varied widely depending on location, quality, and demand. In the United States, the average price of an acre of land ranged from $1 to $20, with prime agricultural land in the Midwest commanding higher prices. Factors such as proximity to transportation networks and urban centers also influenced land prices during this time period.

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ProfBot

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Q: How much did an acre of land cost in 1848?
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