Land’s dominance of national wealth made land law track the business cycle closely

Evidence

Since land was so large a part of the national wealth, land law was very sensitive to the business cycle. This gave security devices in land great importance. — Lawrence M. Friedman, A History of American Law, 1468

Categorization

• XREF: connects to: Falling farmer influence and rising business power revived national bankruptcy law — Lawrence M. Friedman, A History of American Law, 3141; Power shifts with each era’s dominant privately-owned productive asset — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 777; A national market economy inherently generates demand for national-level regulation — Lawrence M. Friedman, A History of American Law, 4193

Broader Connections

• Falling farmer influence and rising business power revived national bankruptcy law #corroborates (0.80) — Lawrence M. Friedman, A History of American Law, 3141
• Power shifts with each era’s dominant privately-owned productive asset #exemplifies (0.75) — Yanis Varoufakis, Technofeudalism, 777
• A national market economy inherently generates demand for national-level regulation #corroborates (0.75) — Lawrence M. Friedman, A History of American Law, 4193