crop lien system
The crop lien system benefitted the banks and the landowners the most. The tenants were kept in debt and impoverished and could hardly ever improve their situations.The crop lien system benefitted the banks and the landowners the most. The tenants were kept in debt and impoverished and could hardly ever improve their situations.The crop lien system benefitted the banks and the landowners the most. The tenants were kept in debt and impoverished and could hardly ever improve their situations.The crop lien system benefitted the banks and the landowners the most. The tenants were kept in debt and impoverished and could hardly ever improve their situations.
Because the crop lien system would sometimes run out of money to the point that they would be broke, they would scam and have these poor farmers in debt
Because the crop lien system would sometimes run out of money to the point that they would be broke, they would scam and have these poor farmers in debt
get your lazy arse off of here
They often could not collect on debts
Small farmers could lose their farms
Their businesses failed if they could not collect debts.
The system kept many farmers in debt to merchants and banks.
Sharecroppers and tenant farmers who did not own the land they worked obtain supplies and food on credit from local merchants. They held a lien on the cotton crop and the merchants and landowners were the first ones paid from its sale. What was left over went to the farmer. The system ended in the 1940s as prosperity returned and many poor farmers moved permanently to cities and towns, where jobs were plentiful because of the war. The crop-lien system gave farmers a line of credit with a local merchant for supplies, with repayment to be made when a farmer's crop was sold. Crop-liens were fairly common in the late nineteenth and early twentieth centuries.
. If they could not collect what they were owed, they went out of business.
Should be made affordable to everyone