Phases of Economic History in Louisiana During the War Decade

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Phases of Economic History in Louisiana During the War Decade
Farrar, Victor John, 1886-
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Whatever the planter bou^t he bought in large quantities from a city jobber, upon credit. All accounts were carefully noted in a business like way, and at the end of the season ndien the crops had been disposed of the planter met his obligations in the same business like way. If any surplus remained from the season's venture, why then it went into the purchase of more land and slaves, for it was ever the planter's ambi- tion to build larger. Thus, he would be penniless when the season again sta...rted, and would be obliged to go to his bankers again . Digitized by GoOglc Digitized by Google Page 20.
The terrn^ plantation system » In hlstorioal nomen- clature , has special reference to that form of labor, done "by negroes working in gangs under the supervision of an orerseer* !I!!hat system prevailed at the time of the olose of the war; the only notable difference between the situation in 1860 and in 1865, being that the negro had been given a share in the products of his labor, i.e., money, and could not be punished with the lash.


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