They got trapped in a "cycle of poverty" by them now working as sharecroppers because they were still like slaves working for someone else but they would maybe get something here and there if they paid for it or had a credit which sometime they would have to pay off by giving the land owner more crops. BUT, if your crops didn't grow so abundant you would be short and living in a life of debt.
sharecropping
The primary cause of the cycle of poverty and illiteracy in many developing nations is lack of proper management of resources. This will result into unequal distribution of wealth and resources.
they can lose their house and they will not have enough money to by their needs and wants.
It's when financing is provided (usually for relief or foreign aid) to bring people out of poverty but, inevitablely are trapped from conditions pertaining to the loan agreement.
In the poverty cycle it is clear that ( developing countries) have low income levels, this means that their saving level is very low( MPS is low) , low saving will mean there are no funds in the financial system so investors will find it difficult to obtain loans and to invest, this will hinder economic growth and eventually development. Obtaining foreign aid means that having funds which if used efficiently will boost investment and hence boosting economic growth - breaking the poverty cycle-. However, there are many criticism on the scenario.
sharecropping
The poverty cycle is a cycle that shows the different factors of poverty. Born into poverty- health problems- lack of education- lack of job-(that is the poverty cycle but it keeps on repeating
trapped slaves inslaved captured jailed survents workers
They trapped farmers in poverty for generations.
Poverty is the cage in which we are trapped...
Sharecropping made it difficult for freedmen to achieve economic independence because it often trapped them in a cycle of debt and dependency. Landowners would provide land, seeds, and tools in exchange for a share of the crop, but high rents and unfair pricing for supplies meant that many sharecroppers were unable to earn enough to pay off their debts. This system effectively tied freedmen to the land and their employers, limiting their ability to save money or invest in their own enterprises. As a result, sharecropping perpetuated poverty and restricted economic mobility for many African Americans in the post-Civil War South.
why were the vicious economic cycle trapped in the the late 1800s
The cycle of poverty refers to the systemic conditions that perpetuate poverty across generations. Individuals born into low-income families often face limited access to quality education, healthcare, and job opportunities, which can hinder their ability to improve their economic situation. This lack of resources and opportunities can lead to a recurring pattern where children of impoverished families remain trapped in poverty. Breaking this cycle typically requires targeted interventions, such as improved education, access to healthcare, and economic support.
:) hi
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Chains of poverty refer to the interconnected factors that keep individuals or communities trapped in a cycle of poverty. These factors can include lack of access to education, healthcare, employment opportunities, and basic resources like clean water and sanitation. Breaking these chains often requires addressing multiple issues simultaneously to create sustainable solutions.
Sharecropping