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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.
What else can I help you with?
What system provided cheap labor in Louisiana?
crop lien system
Who did the crop-lien system benefit the most?
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.
How did the crop lien system trap some farmers in a cycle 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
How did crop lien system trap some farmers in a cycle of 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
What is crop lien?
A crop lien is a legal claim against a farmer's crop as collateral for a loan or debt. This arrangement allows lenders to secure repayment by taking a portion of the crop's value or proceeds if the farmer defaults. Typically used in agricultural financing, crop liens help farmers access credit to cover expenses like seeds and equipment while providing lenders assurance of repayment. The lien is often filed with the appropriate government authority to establish the lender's rights.
Who did the crop-lien system benefit most?
get your lazy arse off of here
What was the crop lien system bad for bankers?
They often could not collect on debts
Why was the crop lien system bad for small?
Small farmers could lose their farms
Why was the crop lien system so bad for merchants?
Their businesses failed if they could not collect debts.
Which is true of the crop lien system of the 1880s?
The system kept many farmers in debt to merchants and banks.
Why was the crop lien system bad for merchants?
. If they could not collect what they were owed, they went out of business.
What did Populists argued that services such as telephone and telegraph service?
Should be made affordable to everyone
