The Alaska Native Claims Settlement Act (ANCSA), enacted in 1971, was a landmark law aimed at resolving land claims of Alaska Natives. It settled disputes over land ownership by transferring approximately 44 million acres of land to various Alaska Native corporations and providing $962.5 million in compensation. This act was significant in recognizing the rights of Alaska Natives and promoting economic development in their communities. ANCSA established 12 regional corporations and over 200 village corporations, which were created to manage the land and funds for the benefit of Alaska Natives. The act also aimed to encourage self-determination and economic independence among the Alaska Native population, fostering a sense of ownership and stewardship over their ancestral lands.