Sharecropping created a cycle of debt mainly because of the greed of the landowners. Many sharecroppers were once slaves and did not have any funds necessary for farming. So they rented the land. From their landowners they were also force to buy seeds and equipment that were overpriced with high interest rates. This kept farmers in a state of debt for many years as they on top of this signed very unfavorable contracts.
Answer: A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition.
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Answer:
D.
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The reason why Samuel Slater known as the "Father of the American Industrialization Revolutions is because he brought knowledge of the British Industrial Techniques to the United States starting industrialization.
Answer:Peasants were unhappy with the depletion of royal coffers, two decades of poor harvests, drought, cattle disease and skyrocketing bread prices. Peasants had heavy taxes imposed on them while the Catholic Church was got off scot-free.
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