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Wyoming is so closely identified with ranching that it is often known as the Cowboy State. The prosperity associated with the cattle industry drew wealthy investors to Wyoming Territory in the 1870s and early 1880s. They stocked the range with thousands of cows and made considerable fortunes until the harsh winter of 18861887, when the cattle market collapsed. Many of those early ranchers left Wyoming, which opened the door for the establishment of what would become a huge sheep business. During the 1890s and the early decades of the 20th century, the various Homestead Acts drew others to Wyoming in search of a brighter future. As most of Wyomings land was suited for grazing, not farming, smaller ranches began to play a more important role in the states growth.