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Many African American Sharecroppers Became Trapped in a Vicious Cycle

Question 33

Multiple Choice

Many African American sharecroppers became trapped in a vicious cycle of debt after the Civil War mainly because


A) southern banks charged blacks much higher interest rates than they charged whites.
B) they could not pay the high prices and interest that whites charged as the price of cotton declined in the 1870s.
C) state laws required blacks to pay for purchases by establishing credit lines that they could pay off only once annually.
D) federal banking laws included "usury" regulations that in fact allowed southern banks to cheat freedmen.

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