Debt Peonage
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Debt peonage. Click again to see term. Passed The Anti-Peonage Act in an attempt to prohibit the practice of coerced labor for debt. It was a common method of ensuring a labour supply in AGRARIAN SOCIETIES until the 20th-century although in some areas of the THIRD WORLD the practice persists illegally.
The end product of todays Western capitalism is a neo-rentier economy precisely what industrial capitalism and classical economists set out to replace during the Progressive Era from the late 19th to early 20th century. It can be made to look like an employment agreement but one where the worker starts with a debt to repay usually in brutal conditions only to find that repayment of the loan is impossible. We hope to restore the service to all relevant content as soon as possible.
This occurred both in the coal mines and in sharecropping. Tap card to see definition. In the Peruvian Amazon debt peonage is an important aspect of contemporary Urarina society.
Yet in the wake of the Civil War Southern states innovated ways to impose peonage but avoid violations of the law including criminal surety statutes that allowed employers to pay the court fines for indigent. Debt peonage is a familiar form of political control. It forces debt peons to spend their lives trying to work their way out of debt.
Peonage Cases 123 F. Click for more sentences of debt peonage. Examples of debt slavery indentured servitude peonage and other forms of forced labour exist around the world and.
Legally peonage was outlawed by Congress in 1867. The more desperate they get the more risks they take and the deeper they end up. Debt peonage is a system wherein a debtor is forced to serve under his creditor until the debt is paid off.
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