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What else can I help you with?
What was the national debt in 1791?
the national debt was something used to create national debt
Is a home mortgage debt considered a federal debt?
No. A federal debt is a debt that is owned to the federal government. A home mortgage is a debt that is owed to the lending agency, be it a bank, a mortgage company, etc.
What triggered the periods of growth and decline of the US federal debt?
debt and bankruptcy
How did the government incur millions of dollars in debt?
There are 3 types of debt a government can occur (Export Debt), (Import Debt) and (Social Debt). Export Debt (money owed to the government from Another Country that isn't paying) Import Debt (money owed to another country by the government) Social Debt: This is what I am assuming you are referring (the deficit). The deficit is money borrowed on "future" income from collectible taxes and fees from the governments citizens. They borrow against it (like a credit card). Its money owed to themselves. Its not a true debt in the conventional sense. However if left upaid then the government can't honour future benefits to its citizens and the country would collapse (like Greece and Spain).
What was the debt of America in 1789?
In1789 the national debt totaled more than $52 million!
What best describes debt peonage?
Debt peonage (wage slavery) is when an employer compels a worker to pay off a debt with work.
What term refers to the condition of workers who could never afford to pay what they owed to a company store?
Debt peonage
Which of these is similar to the system of debt peonage?
The system of sharecropping is similar to debt peonage. In sharecropping, farmers work the land in exchange for a share of the crops, often leading to cycles of debt and dependency similar to debt peonage. Both systems exploited individuals by trapping them in cycles of debt and labor.
What region did debt peonage exist?
Debt Peonage was practiced in Peru from the 16th century until 1950. This was the practice wherein workers has to meet a required working time in a week and that they are not allowed to go beyond the land assigned to them.
How did the peonage system affect latin America?
The peonage system is a system of involuntary servitude used to pay off debt to creditors. The peonage system affected Latin America by encouraging slavery in Latin American countries.
What must a person do if they were in a situation of debt peonage?
Pay off debts through labor
What is debt peonage?
A system of involuntary servitude n which the laborer is forced to work off a debt. This was mostly used on Mexicans and African Americans.
How is debt peonage related to sharecroppeers?
Debt peonage and sharecropping are both systems that emerged in the post-Civil War South, linking laborers to landowners through debt. In sharecropping, tenants farm land in exchange for a share of the crop, often leading to cycles of debt due to high costs for supplies and low prices for their harvests. Debt peonage, meanwhile, forced individuals into labor to pay off debts, often under exploitative conditions. Both systems effectively trapped laborers in a cycle of economic dependency and limited their mobility and freedom.
Describe the system of peonage in Latin America?
In peonage, free workers were not much better off than the slaves. Since wages were low and prices were high, workers were in debt. Their debt accumulated and passed from one generation to the next.
In what region did debt peonage exist?
Debt Peonage was practiced in Peru from the 16th century until 1950. This was the practice wherein workers has to meet a required working time in a week and that they are not allowed to go beyond the land assigned to them.
What was the debt peonage?
Debt peonage was a labor system that emerged in the United States, particularly in the South, after the Civil War. It involved individuals, often formerly enslaved people, who were forced to work for employers to pay off debts, effectively trapping them in a cycle of indebtedness. This system exploited vulnerable workers, as high interest rates and inflated charges made it nearly impossible to escape the debt. Although it was declared illegal in the early 20th century, practices resembling debt peonage persisted in various forms for decades.
What describes the condition called debt peonage?
having to stay at one job just to pay what you owe
