Who would have the opportunity to buy land under the Ordinance of 1785's guidelines for the Northwest Territory?

Question

Quizplus · Accepted Answer

The Ordinance of 1785 required that land in the Northwest Territory be sold in minimum parcels of 640 acres each, which made it difficult for small farmers to purchase. This limitation favored wealthy individuals or groups, including speculators, who could afford to buy large amounts of land. The ordinance did not specify any restrictions based on race or access to bank loans.

Who Would Have the Opportunity to Buy Land Under the Ordinance