After the Civil War,most poor rural Southerners relied on credit from

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Most poor rural Southerners relied on credit from country stores, which often sold goods on credit and charged high interest rates. This system of credit also tied farmers to specific stores, leading to a cycle of debt and further impoverishment. Local banks were often hesitant to lend to poor farmers, and the federal government did not provide significant financial assistance to the South until the Reconstruction era. Northern financial institutions would have also been unlikely to lend to poor Southerners, and state governments, though they did provide some aid, did not have the resources to address the deep economic problems facing the South after the war.

After the Civil War,most Poor Rural Southerners Relied on Credit