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How did bonanza farms make it difficult for small farmers to compete in the late 19th century
Bonanza farms were large, mechanized farms that were owned by wealthy capitalists and were able to leverage their resources to outcompete smaller farms. This meant that small farmers had much less access to capital and resources, making it difficult to compete with the bonanza farms. Explanation TheRead more
Bonanza farms were large, mechanized farms that were owned by wealthy capitalists and were able to leverage their resources to outcompete smaller farms. This meant that small farmers had much less access to capital and resources, making it difficult to compete with the bonanza farms.
Explanation
The answer given above is important because it shows how the large bonanza farms were able to leverage their resources to outcompete small farmers in the late 19th century. This led to many small farmers going out of business and was a major contributing factor to the rise of large-scale industrial agriculture.
The implications of this are still being felt today. The consolidation of power in the agricultural sector due to the rise of bonanza farms has contributed to a number of issues, including environmental degradation, a decrease in rural economies, and an increase in food insecurity.
It is important to understand the historical context of this issue in order to understand how it has shaped the food system today. This includes studying how agricultural policies have shaped the market, how capital has been used to further consolidate power in the agricultural sector, and how the rise of large-scale industrial agriculture has impacted the environment and rural economies.
See lessWhat was the main effect of the system of debt peonage that emerged in the South during the late 19th century?
The main effect of the system of debt peonage that emerged in the South during the late 19th century was to keep people in a cycle of poverty and exploitation. It was used to force people into labor to pay off debts, and often these debts were impossible to pay off, leading to a lifetime of servitudRead more
The main effect of the system of debt peonage that emerged in the South during the late 19th century was to keep people in a cycle of poverty and exploitation. It was used to force people into labor to pay off debts, and often these debts were impossible to pay off, leading to a lifetime of servitude. This system of debt peonage was used disproportionately against African American and other minority populations.
Explanation
The system of debt peonage that emerged in the South during the late 19th century was a form of economic exploitation and oppression, and it was used disproportionately against African American and other minority populations. This system was designed to keep people in a cycle of poverty, where they were forced to work to pay off debts that were often impossible to pay off, leading to a lifetime of servitude.
The methods used to enforce debt peonage were oppressive and violent, including physical abuse and threats of violence, as well as legal action. This system was enforced by employers, law enforcement, and local and state governments.
The consequences of the system of debt peonage were devastating for African American and other minority populations. It kept them in poverty, denied them basic rights, and prevented them from achieving economic success. The legacy of debt peonage has had a long-lasting impact on African American and other minority populations and has shaped their experiences in the U.S. even today. It is important to understand the history of debt peonage and its consequences in order to better understand the current state of racial and economic inequality in the U.S.
See less