The Resource Debt, investment, slaves : credit relations in East Feliciana Parish, Louisiana, 1825-1885, Richard Holcombe Kilbourne, Jr. ; foreword by Gavin Wright

Debt, investment, slaves : credit relations in East Feliciana Parish, Louisiana, 1825-1885, Richard Holcombe Kilbourne, Jr. ; foreword by Gavin Wright

Label
Debt, investment, slaves : credit relations in East Feliciana Parish, Louisiana, 1825-1885
Title
Debt, investment, slaves
Title remainder
credit relations in East Feliciana Parish, Louisiana, 1825-1885
Statement of responsibility
Richard Holcombe Kilbourne, Jr. ; foreword by Gavin Wright
Creator
Subject
Language
eng
Summary
"Richard Kilbourne has produced a comprehensive study of the credit system in one Louisiana parish in the antebellum and postbellum periods of the Civil War. East Feliciana Parish was important in terms of both population and the large number of slaves. This book's primary concern is the role of slave property in collateralizing credit relationships and planter perceptions regarding slaves as financial assets."--BOOK JACKET. "A thorough survey of parish mortgage records and other manuscript collections led to the conclusion that most credit relationships, collateralized and uncollateralized, were grounded in slave property as opposed to land or other forms of wealth. Uncollateralized debt was directly dependent on the relative wealth of parish residents, and the bulk of most portfolios consisted of slaves."--BOOK JACKET. "Emancipation and the Civil War occasioned a monumental credit implosion from which the local economy never recovered, at least for the remainder of the 19th century. Kilbourne makes an extensive examination of postwar debt distress and the evolution of sharecropping and tenancy. Even the wealthiest households were in the throes of debt distress as was evidenced by the numerous suits brought by wives for separations of property."--BOOK JACKET. "A peculiar recording requirement for crop privileges and pledges in the years from 1870 to 1880 made it possible to determine the amount of credit available in the postwar decades. Kilbourne shows that credit facilities contracted by 90 percent in the two decades following the Civil War. The decline in credit facilities parallels the decline in household wealth levels."--BOOK JACKET. "Kilbourne disagrees with earlier scholars on the role of furnishing merchants in shaping the postbellum agricultural order. Furnishing merchants did become relatively more important in financing agriculture in the postwar decade, but they were not the successors of antebellum firms. Local merchants actually provided less credit than they had furnished before the Civil War to small cotton farmers who had made up two-thirds of the growers in the parish in 1860."--BOOK JACKET. "Slavery made for a unique labor market, and this situation influenced the evolution of the credit system in the region. Emancipation was a revolutionary break with what had gone before. The focus of the credit system shifted from slaves to cotton. Land did form most postbellum planter portfolios, but it did not fill the void left by emancipation, and wealth levels remained substantially below antebellum ones. The credit system became highly localized in the postwar decades, and this fact was instrumental in shaping postbellum planting arrangements."--BOOK JACKET
Member of
Cataloging source
DLC
http://library.link/vocab/creatorName
Kilbourne, Richard Holcombe
Dewey number
332.7/0976316
Government publication
government publication of a state province territory dependency etc
Illustrations
illustrations
Index
index present
LC call number
HG3756.U54
LC item number
K55 1995
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Credit
  • Slavery
  • Debt
Label
Debt, investment, slaves : credit relations in East Feliciana Parish, Louisiana, 1825-1885, Richard Holcombe Kilbourne, Jr. ; foreword by Gavin Wright
Instantiates
Publication
Bibliography note
Includes bibliographical references (p. 191-193) and index
Contents
  • 5.
  • The Truncation of the Factorage System
  • 6.
  • Decline and Default
  • 7.
  • Tenants, Sharecroppers, and Furnishers
  • 1.
  • The Origins of the Antebellum Credit System: the Accommodation Endorser
  • 2.
  • The Emergence of Factors as Investment Bankers
  • 3.
  • Securing Antebellum Credit Transactions with Slaves
  • 4.
  • The Nemesis of Prewar Debt
Dimensions
25 cm.
Extent
xvii, 201 p.
Isbn
9780817307301
Isbn Type
(alk. paper)
Lccn
94005785
Other physical details
ill.
System control number
  • OCM29911198
  • CARL029911198
Label
Debt, investment, slaves : credit relations in East Feliciana Parish, Louisiana, 1825-1885, Richard Holcombe Kilbourne, Jr. ; foreword by Gavin Wright
Publication
Bibliography note
Includes bibliographical references (p. 191-193) and index
Contents
  • 5.
  • The Truncation of the Factorage System
  • 6.
  • Decline and Default
  • 7.
  • Tenants, Sharecroppers, and Furnishers
  • 1.
  • The Origins of the Antebellum Credit System: the Accommodation Endorser
  • 2.
  • The Emergence of Factors as Investment Bankers
  • 3.
  • Securing Antebellum Credit Transactions with Slaves
  • 4.
  • The Nemesis of Prewar Debt
Dimensions
25 cm.
Extent
xvii, 201 p.
Isbn
9780817307301
Isbn Type
(alk. paper)
Lccn
94005785
Other physical details
ill.
System control number
  • OCM29911198
  • CARL029911198

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