Slaves as collateral?

mterry

Private
Joined
Jan 17, 2018
Does anyone have any information on how many slave owners leveraged their slaves as collateral to borrow money?

Kind of like an equity line on your house...

I had read and heard that this was prevalent...

After the war and they no longer held slaves - my assumption is the debt didn’t go away though?

Has anyone seen evidence that this specific thing had some impact on the southern economy... or even the entire national economy? Any numbers?


Thanks
 
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