Ask Question
BusinessBusiness
8 February, 19:54

Which agricultural system trapped many southern blacks in a cycle of debt and poverty despite their hard work?

sharecropping

farm alliances

crop lien system

homesteading

Which agricultural system trapped many southern blacks in a cycle of debt and poverty despite their hard work?

+5
Answers (1)
  1. 8 February, 20:53
    0
    sharecropping

    Explanation:

    Sharecropping is a system of tenancy agriculture. In it a landowner gives a portion of his land to a labour for the purpose of raising crop. In return, he gets a share of crop raised by him for free.

    After the civil war, former slaves were in search of jobs. Due to depression and absence of credit system, they went into this deal of sharecropping with whites. They also borrowed heavily for getting seeds and fertilizer. Landlords charged high interest rate for that which led them to debt-trap. Landowner also put condition like selling the yield on their condition at pre-specified cheap price.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which agricultural system trapped many southern blacks in a cycle of debt and poverty despite their hard work? sharecropping farm alliances ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Assume the current U. S. dollar-British spot rate is 0.6993£/$. If the current nominal one-year interest rate in the U. S. is 5% and the comparable rate in Britain is 6%, what is the approximate forward exchange rate for 360 days? Select one: a. £0.
Answers (1)
Under the Investment Advisors Act of 1940, when a contract has provisions which state that services may be provided by means of written material, oral statements, statistical information which expresses no opinion, and that such statements do not
Answers (1)
The firm's tax rate is 34%. The firm's pre-tax cost of debt is 8%; the firm's debt-to-equity ratio is 3; the risk-free rate is 3%; the beta of the firm's common stock is 1.5; the market risk premium is 9%.
Answers (1)
To promote and build your brand, you absolutely must O engage in conversation with your target market. O offer giveaways. O hold annual sales. O maintain a newspaper presence.
Answers (1)
In preparing closing entries Select one: a. the retained earnings account will be debited if there is net income for the period b. each expense account will be credited c. each revenue account will be credited d.
Answers (1)
New Questions in Business
Money is a productive asset. Its opportunity cost is: A) The time value of money. B) Valuation. C) Inflation. D) Replacement cost. E) Depreciation.
Answers (1)
What term refers to selling goods in a foreign market at a price that is far below the cost of production? A. profiteering B. screening C. offloading D. dumping
Answers (2)
John Pablo works in the accounting department of a multinational manufacturing company, His job includes updating account receivable based on sales orders and remittance advices.
Answers (1)
Exercise 14-04 On October 31, the stockholders' equity section of Cullumber Company consists of common stock $370,000 and retained earnings $904,000.
Answers (1)
Joe owned a small repair shop. Each day, he would check the mail to see if any of his customers mailed in a payment for the work he had done for them. Some days, he would receive a check or two.
Answers (1)
Home » Business » Which agricultural system trapped many southern blacks in a cycle of debt and poverty despite their hard work?
Sign Up Forgot Password?