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Gemiola [76]
1 year ago
12

Explain how debt slavery made rubber merchants rich.

History
1 answer:
Alexus [3.1K]1 year ago
8 0

Answer:

Debt slavery, also called debt servitude, debt bondage, or debt peonage, a state of indebtedness to landowners or merchant employers that limits the autonomy of producers and provides the owners of capital with cheap labour. Examples of debt slavery, indentured servitude, peonage, and other forms of forced labour exist around the world and throughout history, but the boundaries between them can be difficult to define (see slavery). It is instructive to consider one prevalent system of debt slavery as a means of identifying the characteristics typical of the condition. This article therefore describes the system that existed among sharecroppers and landowners in the American South from the 1860s until World War II.

Explanation:

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On April 30th, 1975 the fall of Saigon took place marking the end of the Vietnam war through the evacuation of all American military along with thousands of civilians. The evacuation was through an operation known as Operation Frequent Wind which became the largest helicopter evacuation in history. During this time communist forces were advancing from the North to capture Saigon. Over 1,000 American civilians and over 7,000 South Vietnamese refugees were flown out of Saigon in less than 18 hours (Butler, 1985). The picture is chosen as it clearly illustrates thousands of Vietnamese civilians and American soldiers fighting for space on the helicopter.

Butler, D. (1985). The fall of Saigon: Scenes from the sudden end of a long war. Simon & Schuster.

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Sample response

Explanation:

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In the first parliament, what was the place in the government for the nobles, high churchmen and the knights?
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What is the main inference that can be drawn from Adam Smith’s book The Wealth of Nations?
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A free-market economy works well only without the government’s interference.

Adam Smith's theories are the basis for free-market capitalism and is the model of early capitalistic systems.

The Wealth of Nations lays out the economic theory of capitalism based on a free-market. As Adam Smith describes a free-market, the government should not interfere or regulate trade for the best results. When the government keeps their hands off the economy, large amounts of wealth can be earned and new businesses can grow with private investment and competition. Gilded Age capitalism is an example of free-market without government regulation. It produced unbridled wealth but also a large gap in social classes. Smith argues that is a necessary consequence to create motivation and competition.

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