Homestead Act created incredible economic effects in The united States and attracted people from all over the world who were looking for a better life. People from all over the world saw free land as a way to achieve their dreams and promised the ability of people to be self-sufficient and independent. Russia has followed America’s example and is revisiting the homestead act after applying it before the Bolsheviks took over. Russia’s application of the new homestead act has caused people from around the world to take notice. Already people from South America and elsewhere are looking at what the prospect of free land could bring.