Cash crop planters were often in debt, fearing their position and way of life as semi feudal lords was going to end they pushed for secession and having the confederate gov't assume responsibility for debts owed to northerners.
Is this the true cause of war-debt and extreme measures to get out of it by the elite class?
The US gov't assumed debt owed to British merchants post war for independence so was this the inspiration for southern planters.
Is this the true cause of war-debt and extreme measures to get out of it by the elite class?
The US gov't assumed debt owed to British merchants post war for independence so was this the inspiration for southern planters.
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