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Debt Peonage in the Cotton South After the Civil War

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  • Ransom, Roger L.
  • Sutch, Richard

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.…

Suggested Citation

  • Ransom, Roger L. & Sutch, Richard, 1972. "Debt Peonage in the Cotton South After the Civil War," The Journal of Economic History, Cambridge University Press, vol. 32(3), pages 641-669, September.
    • Handle: RePEc:cup:jechis:v:32:y:1972:i:03:p:641-669_07
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    Citations

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    Cited by:

    1. Raghuram G. Rajan & Rodney Ramcharan, 2011. "Land and Credit: A Study of the Political Economy of Banking in the United States in the Early 20th Century," Journal of Finance, American Finance Association, vol. 66(6), pages 1895-1931, December.
    2. Myles, Jamieson, 2024. "Accommodating Agriculture within U.S. Capitalism: Cotton, Cooperatives, and Intermediate Trade Finance in the Early Twentieth Century," Working Papers unige:181156, University of Geneva, Paul Bairoch Institute of Economic History.
    3. Martin A. Garrett & Zhenhui Xu, 2003. "The Efficiency of Sharecropping: Evidence from the Postbellum South," Southern Economic Journal, John Wiley & Sons, vol. 69(3), pages 578-595, January.
    4. Carlos D. Ramirez & Philip A. Shively, 2012. "The Effect of Bank Failures on Economic Activity: Evidence from U.S. States in the Early 20th Century," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44, pages 433-455, March.
    5. Canaday, Neil & Jaremski, Matthew, 2012. "Legacy, location, and labor: Accounting for racial differences in postbellum cotton production," Explorations in Economic History, Elsevier, vol. 49(3), pages 291-302.
    6. Raghuram G. Rajan & Rodney Ramcharan, 2008. "Landed Interests and Financial Underdevelopment in the United States," NBER Working Papers 14347, National Bureau of Economic Research, Inc.
    7. Ramirez, Carlos D., 2003. "Did branch banking restrictions increase bank failures? Evidence from Virginia and West Virginia in the late 1920s," Journal of Economics and Business, Elsevier, vol. 55(4), pages 331-352.
    8. Roger L. Ransom & Richard Sutch, 2000. "One Kind of Freedom: Reconsidered (and Turbo Charged)," NBER Historical Working Papers 0129, National Bureau of Economic Research, Inc.
    9. Ransom, Roger L. & Sutch, Richard, 2001. "One Kind of Freedom: Reconsidered (and Turbo Charged)," Explorations in Economic History, Elsevier, vol. 38(1), pages 6-39, January.
    10. Amy A Quark, 2013. "Institutional Mobility and Mutation in the Global Capitalist System: A Neo-Polanyian Analysis of a Transnational Cotton Standards War, 1870–1945," Environment and Planning A, , vol. 45(7), pages 1588-1604, July.
    11. de Almeida, Anna Luiza Ozorio, 1992. "Debt Peonage and Over-Deforestation in the Amazon Frontier of Brazil," 1992 Occasional Paper Series No. 6 197891, International Association of Agricultural Economists.
    12. Jaremski, Matthew, 2014. "National Banking's Role in U.S. Industrialization, 1850–1900," The Journal of Economic History, Cambridge University Press, vol. 74(1), pages 109-140, March.

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