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What was the national debt in 1791?
the national debt was something used to create national debt
Is a home mortgage debt considered a federal debt?
No. A federal debt is a debt that is owned to the federal government. A home mortgage is a debt that is owed to the lending agency, be it a bank, a mortgage company, etc.
What triggered the periods of growth and decline of the US federal debt?
debt and bankruptcy
How did the government incur millions of dollars in debt?
There are 3 types of debt a government can occur (Export Debt), (Import Debt) and (Social Debt). Export Debt (money owed to the government from Another Country that isn't paying) Import Debt (money owed to another country by the government) Social Debt: This is what I am assuming you are referring (the deficit). The deficit is money borrowed on "future" income from collectible taxes and fees from the governments citizens. They borrow against it (like a credit card). Its money owed to themselves. Its not a true debt in the conventional sense. However if left upaid then the government can't honour future benefits to its citizens and the country would collapse (like Greece and Spain).
What was the debt of America in 1789?
In1789 the national debt totaled more than $52 million!
What best describes debt peonage?
Debt peonage (wage slavery) is when an employer compels a worker to pay off a debt with work.
What term refers to the condition of workers who could never afford to pay what they owed to a company store?
Debt peonage
Which of these is similar to the system of debt peonage?
The system of sharecropping is similar to debt peonage. In sharecropping, farmers work the land in exchange for a share of the crops, often leading to cycles of debt and dependency similar to debt peonage. Both systems exploited individuals by trapping them in cycles of debt and labor.
What region did debt peonage exist?
Debt Peonage was practiced in Peru from the 16th century until 1950. This was the practice wherein workers has to meet a required working time in a week and that they are not allowed to go beyond the land assigned to them.
How did the peonage system affect latin America?
The peonage system is a system of involuntary servitude used to pay off debt to creditors. The peonage system affected Latin America by encouraging slavery in Latin American countries.
What must a person do if they were in a situation of debt peonage?
Pay off debts through labor
What is debt peonage?
A system of involuntary servitude n which the laborer is forced to work off a debt. This was mostly used on Mexicans and African Americans.
Describe the system of peonage in Latin America?
Peonage in Latin America was a system of debt bondage where laborers worked to pay off debts owed to landowners or employers. It created a cycle of poverty and exploitation, trapping workers in a form of modern servitude. Despite being outlawed in many countries, remnants of peonage still persist in some rural areas.
Which term refers to the Constitution of workers who could never afford to pay what they owed?
debt peonage (apex)
which terms refers to the condition of workers who could never afford to pay what they owe to a company?
Debt peonage
What describes the condition called debt peonage?
having to stay at one job just to pay what you owe
In what region did debt peonage exist?
Debt peonage existed in various regions around the world, but it was particularly prominent in the Americas, including the southern United States, Mexico, and parts of South America. This system exploited laborers by trapping them in a cycle of debt, often preventing them from being able to escape or improve their circumstances.
