01:220:305 Lecture Notes - Lecture 8: Sea Islands, Sharecropping, Market Basket

• School: Rutgers University
• Department: Economic
• Course: 01:220:305
• Professor: Hugh Rockoff

Document Summary

Lectures 8 & 9, with corresponding chapter 14. Spring 2018 (cid:862)sothern agriculture after the civil war: sharecropping (cid:862) A sharecropper signing a new contract for a share is likely to get the most land a(cid:272)(cid:396)eage i(cid:374) the (cid:862)pi(cid:374)e(cid:455) (cid:449)oods(cid:863) o(cid:396) fa(cid:396) a(cid:449)a(cid:455) f(cid:396)o(cid:373) the (cid:396)i(cid:272)h fe(cid:396)tile la(cid:374)d (cid:271)(cid:455) the (cid:396)i(cid:448)e(cid:396) After the reduction in output, the 5 cotton states in the deep south also experienced huge reductions in per capital crop output, that biggest within the 10 years after the war. Du(cid:396)i(cid:374)g the ti(cid:373)e of (cid:272)(cid:396)op out put (cid:396)edu(cid:272)tio(cid:374), a(cid:374)d la(cid:271)o(cid:396) hou(cid:396) (cid:396)edu(cid:272)tio(cid:374), the outh"s i(cid:374)dust(cid:396)(cid:455) grew: Le(cid:272)tu(cid:396)e (cid:1012) (cid:862) outhe(cid:396)(cid:374) ag(cid:396)i(cid:272)ultu(cid:396)e afte(cid:396) the ci(cid:448)il wa(cid:396): ha(cid:396)e(cid:272)(cid:396)oppi(cid:374)g(cid:863) mi(cid:374)i-test: after the civil war two experiments were made with land reform at _________. The farm is expected to gross about when worked by the average tenant in an average year. The rent is or the required share is. Name one advantage of renting and one advantage of sharecropping.