It is a condition that a person finds themselves in when the totality of their wages only allows them to pay the interest payments on their accumulated debt.
slavery
it was based on slavery
Economic reason the farmers in the Constitution avoided the slavery question
Sharecropping
George McDuffie, a pro-slavery advocate and politician from South Carolina, argued that slavery was essential for the economic prosperity of the Southern states. He contended that the institution of slavery provided a stable labor force that was necessary for the cultivation of cash crops like cotton and tobacco, which were vital to the economy. McDuffie believed that the abolition of slavery would lead to economic ruin and social chaos in the South, as he viewed enslaved labor as integral to the region's agricultural success and overall wealth.
Normally for economic reasons
For economic advantage.
slavery
The economic effect of slavery - Apex
The economic effect of slavery - Apex
Some economic factors that contributed to slavery include, profits, the intensity of the labor and demand for cotton. These factors made farmers not want to do the work themselves.
Slavery, impoverishment, exploitation, famine.
The South looked at slavery as an economic issue. The North viewed slavery as a moral issue. In the North, slavery was proving to be unprofitable in the North and was dying out by the end of the American Revolution, but in the South white Southerners were increasingly more defensive of slavery.
The South looked at slavery as an economic issue. The North viewed slavery as a moral issue. In the North, slavery was proving to be unprofitable in the North and was dying out by the end of the American Revolution, but in the South white Southerners were increasingly more defensive of slavery.
Economic reasons.
it was based on slavery
The American Civil War was caused not by slavery but by economic factors.