In 1775, the Transylvania Land Company bought Kentucky for $50,000, worth around $20 million today. Representatives of the British Daniel Boone and Richard Henderson negotiated with the Cherokee living in the state, resulting in the Treaty of Sycamore Shoals on March 17th of that year. Interestingly, the purchase was illegal Royal Proclamation of 1763 as the Transylvania Co. was not sanctioned by the crown.
After the purchase of the colony, Daniel Boone was hired to forge the Wilderness Road, a road that led settlers west for over fifty years. The colonies of Boonesborough and Harrodsburg were subsequently formed, and Kentucky was set on its course of British settlement and colonization.
-Joanna Slusarewicz
After the purchase of the colony, Daniel Boone was hired to forge the Wilderness Road, a road that led settlers west for over fifty years. The colonies of Boonesborough and Harrodsburg were subsequently formed, and Kentucky was set on its course of British settlement and colonization.
-Joanna Slusarewicz
Sources
http://upload.wikimedia.org/wikipedia/commons/1/19/Boonesborough,_Kentucky_30_grey.jpg
http://www.measuringworth.com/uscompare/relativevalue.php
http://penelope.uchicago.edu/Thayer/E/Gazetteer/Places/America/United_States/Tennessee/_Texts/THM/5/1/Hendersons_Purchase*.html
http://tennesseeencyclopedia.net/entry.php?rec=1398
http://upload.wikimedia.org/wikipedia/commons/1/19/Boonesborough,_Kentucky_30_grey.jpg
http://www.measuringworth.com/uscompare/relativevalue.php
http://penelope.uchicago.edu/Thayer/E/Gazetteer/Places/America/United_States/Tennessee/_Texts/THM/5/1/Hendersons_Purchase*.html
http://tennesseeencyclopedia.net/entry.php?rec=1398