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.
Correct Answer:
Verified
Q28: During Reconstruction,why was southern Democrats' dismissal of
Q29: For this question,refer to the following Thomas
Q30: Which of the following statements describes the
Q31: Which of the following was Elizabeth Cady
Q32: Expecting freedom from slavery near the end
Q34: Those who participated in the creation and
Q35: Which statement describes the sharecropping system that
Q36: Which of the following groups composed the
Q37: Which of the following statements characterizes the
Q38: Which of the following became critical community
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents