Debt, investment, slaves : credit relations in East Feliciana Parish, Louisiana, 1825-1885 / Richard Holcombe Kilbourne, Jr. ; foreword by Gavin Wright.
Material type: TextPublication details: Tuscaloosa, Ala. : University of Alabama Press, �1995.Description: 1 online resource (xvii, 201 pages) : illustrationsContent type:- text
- computer
- online resource
- 0585161682
- 9780585161686
- Credit -- Louisiana -- East Feliciana Parish -- History -- 19th century
- Slavery -- Louisiana -- East Feliciana Parish -- History -- 19th century
- Debt -- Louisiana -- East Feliciana Parish -- History -- 19th century
- BUSINESS & ECONOMICS -- Finance
- Credit
- Debt
- Slavery
- Louisiana -- East Feliciana Parish
- Kredietwaardigheid
- Slaven (arbeid)
- Onderpanden
- 1800-1899
- 332.7/0976316 20
- HG3756.U54 K55 1995eb
- 15.85
- digitized 2010 committed to preserve
Includes bibliographical references (pages 173-193) and index.
Print version record.
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Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Foreword; Acknowledgments; Glossary; Introduction; 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; 5. The Truncation of the Factorage System; 6. Decline and Default; 7. Tenants, Sharecroppers, and Furnishers; Appendix; Notes; Bibliography; Index
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. 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 make.
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