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Debt Peonage Re-examined

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  • Brown, William W.
  • Reynolds, Morgan O.

Abstract

In a recent Journal article Professors Ransom and Sutch (R & S) suggest “debt peonage” as a broad explanation for the course of southern economic development after the Civil War. They summarize their general thesis in the following three statements:“(1) That because of the readjustments in agriculture and the difficulties in forming new banks under the banking laws, the South was unable to re-establish a viable network of commercial banks to serve her agricultural economy.

Suggested Citation

  • Brown, William W. & Reynolds, Morgan O., 1973. "Debt Peonage Re-examined," The Journal of Economic History, Cambridge University Press, vol. 33(4), pages 862-871, December.
  • Handle: RePEc:cup:jechis:v:33:y:1973:i:04:p:862-871_07
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