In the crop-lien system that developed after the Civil War, both farmers and landowners
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Promised to pay for goods with future earnings.
Explanation:
- The crop-lien system was a credit scheme that became practised in the South after the Civil War in the United States.
- After the Civil War, slaves became freed and cotton farmers began to take credits from local moneylender or merchants for growing cotton from the 1860s.
- The credit was taken before the planting season to buy food and foods.
Learn More:
Why was the crop lien system bad for small farmers?
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