Annuity

Definition

A payment made each year. In agreements with Indigenous peoples, US government annuities could include money and supplies in return for land.

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Paper 2

An annual payment. Under the first Fort Laramie Treaty of 1851, the US government promised participating Plains peoples payments totalling US$50,000 each year.
In return, the US government promised to protect Indigenous peoples from attacks and damage by white Americans. It also promised an annuity—an annual payment—totalling US$50,000 to the participating peoples. These promises were intended to compensate for passage through their lands and encourage peace.
Revise: Conflict and Tension
Revise: Changes for Indigenous Peoples