The Crop-Lien System: The Good, the Bad, and the Ugly.

The South had been devastated by the Civil War and the economic options across the region were limited, particularly so for the newly liberated freedman.  As the region dug in and started to rebuild, the local furnishing merchants, backed by extra-regional investors, became crucial to providing the necessary cash flow to bridge the time between … Read moreThe Crop-Lien System: The Good, the Bad, and the Ugly.