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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.

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Q: What is Economic Slavery?
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Related questions

What was slavery used for?

For economic advantage.


Why do they have slavery?

Normally for economic reasons


What are the economic causes of the Haitian revolution?

slavery


What influenced the most the northern and southern positions about slavery?

The economic effect of slavery - Apex


What influenced the northern and southern positions the most about slavery?

The economic effect of slavery - Apex


Discuss the economic basis of slavery by identifying three or more economic factors that contributed to African slavery in the US?

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.


What were the economic effects of colonization?

Slavery, impoverishment, exploitation, famine.


The South looked at slavery as an economic issue The North viewed slavery as what kind of issue?

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 what kind of issue?

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.


What were the reasons on why slavery started worldwide?

Economic reasons.


What economic endeavors did colonial Delaware have?

it was based on slavery


What is an example of a thesis that a historian might write?

The American Civil War was caused not by slavery but by economic factors.