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Cattle business "easy money"
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<blockquote data-quote="Son of Butch" data-source="post: 1396527" data-attributes="member: 14585"><p>At the start of the 1880's cattle ranching in the Dakota Territory was booming.</p><p>In 1883 Teddy Roosevelt put down $14,000 to invest in and build a cattle ranch to cash in on the Easy Money. </p><p>Saying $14,000 is a small price to pay for so much freedom, with the idea he may one day spend the rest of his life </p><p>as a cattle rancher. </p><p>A late thaw followed by the scorching summer of 1886 left most ranchers heading into 1887 with under fed cattle. </p><p>By the end of March 1887 Roosevelt decided to sell out after winter blizzards had wiped out nearly 2/3 of his herd</p><p>and over 70% of the other local cattle.</p><p>Although a financial disaster, it was recorded his enthusiasm, genuineness, manner and conduct earned him the respect </p><p>and even the admiration among the locals who had initially viewed him as an Eastern Greenhorn upon his arrival.</p></blockquote><p></p>
[QUOTE="Son of Butch, post: 1396527, member: 14585"] At the start of the 1880's cattle ranching in the Dakota Territory was booming. In 1883 Teddy Roosevelt put down $14,000 to invest in and build a cattle ranch to cash in on the Easy Money. Saying $14,000 is a small price to pay for so much freedom, with the idea he may one day spend the rest of his life as a cattle rancher. A late thaw followed by the scorching summer of 1886 left most ranchers heading into 1887 with under fed cattle. By the end of March 1887 Roosevelt decided to sell out after winter blizzards had wiped out nearly 2/3 of his herd and over 70% of the other local cattle. Although a financial disaster, it was recorded his enthusiasm, genuineness, manner and conduct earned him the respect and even the admiration among the locals who had initially viewed him as an Eastern Greenhorn upon his arrival. [/QUOTE]
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