William Watts Folwell,
Minnesota, the North Star State
“ The boom period which culminated in 1857 was nowhere more exuberant than in Minnesota. The swelling tide of population of the previous two years had brought in a body of speculators who presently gorged themselves with the unearned increments of land and town lot values. The whole population caught the fever and bought for the expected rise. The country people found ready sale for produce in the growing towns, and the merchants profited by their prosperity. The resulting elation and extravagance were at no time more abounding than in the closing days of the constitutional convention. ”
