Property Ownership
The Alaska Native Claims Settlement Act (ANCSA) of 1971 was significant because it:
AEstablished the Alaska Homestead Act for all residents
BSettled Alaska Native land claims by conveying land and money to Native corporations✓ Correct
CGave the federal government sole ownership of all subsurface rights in Alaska
DCreated the Alaska Real Estate Commission
Explanation
ANCSA was landmark federal legislation that settled Alaska Native land claims by conveying approximately 44 million acres and nearly $1 billion to Alaska Native regional and village corporations, replacing traditional tribal land claims.
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