Nell Irvin Painter – Economic Slavery

The storekeeper advanced the tenant [ex-slave] goods on credit; when the crop was in, the storekeeper received payment according to the previous year. Debts mounted quickly, for the prices in the country stores more than doubled the market value of the goods. Theoretically there was a “cash” price and a “credit” price for goods, but since practically no one paid cash, the credit price was operative.

  • P.62, Exodusters – Nell Irvin Painter, ISBN 0-393-00951-3


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