Low costs refer to the affordable or inexpensive prices of goods, services, or resources. In the context of western territories, it refers to the availability of land for purchase at a reduced price.
Related terms
Homestead Act: The Homestead Act provided an opportunity for settlers to acquire up to 160 acres of public land in western territories by living on and improving it over a period of time.
Morrill Act: The Morrill Act granted federal lands to states that could be sold or used as endowments for establishing colleges specializing in agriculture and mechanical arts.
Land Grants: Land grants were parcels of land given by the government as a subsidy or reward for certain activities such as building railroads or establishing educational institutions.