Debt Peonage in the Cotton South After the Civil War
- 1 September 1972
- journal article
- research article
- Published by Cambridge University Press (CUP) in The Journal of Economic History
- Vol. 32 (3) , 641-669
- https://doi.org/10.1017/s0022050700077160
Abstract
This condition of affairs in the South introduced a vast credit system whose tremendous evils and exorbitant exactions have brought poverty and bankruptcy to thousands of families. As a policy, it is vindictive in its subtle sophistry; as a system, it has crushed out all independence and reduced its victims to a coarse species of servile slavery.…Keywords
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