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Slave Mortgage
A slave mortgage was a financial instrument used by financiers wherein money was lent on the basis of the value of enslaved people. There are records of slave mortgages in the United States (Louisiana, South Carolina, and Virginia) and in South Africa. According to scholar Bonnie Martin, "the time lag between the recording of mortgages and foreclosures, when added to the dispersed nature of the mortgage recording process, made this financial engine relatively invisible, allowing potentially large economic and human consequences to remain unrecognized." As historian Calvin Schermerhorn put it, slave mortgages "drew equity out of lavebodies to reinvest in ugarrefinement technology and more enslaved workers". Settlers fleeing a slave mortgage crisis was one of the precipitating factors of the American colonization of the Republic of Texas The Republic of Texas (), or simply Texas, was a country in North America that existed for close to 10 years, from March 2, 1836, to Februar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Carolina Slave Mortgage Record - South Carolina
South is one of the cardinal directions or Points of the compass, compass points. The direction is the opposite of north and is perpendicular to both west and east. Etymology The word ''south'' comes from Old English ''sūþ'', from earlier Proto-Germanic language, Proto-Germanic ''*sunþaz'' ("south"), possibly related to the same Proto-Indo-European language, Proto-Indo-European root that the word ''sun'' derived from. Some languages describe south in the same way, from the fact that it is the direction of the sun at noon (in the Northern Hemisphere), like Latin meridies 'noon, south' (from medius 'middle' + dies 'day', ), while others describe south as the right-hand side of the rising sun, like Biblical Hebrew תֵּימָן teiman 'south' from יָמִין yamin 'right', Aramaic תַּימנַא taymna from יָמִין yamin 'right' and Syriac ܬܰܝܡܢܳܐ taymna from ܝܰܡܝܺܢܳܐ yamina (hence the name of Yemen, the land to the south/right of the Levant). South is s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreclosure
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has Default (finance), stopped making payments to the lender by forcing the sale of the asset used as the Collateral (finance), collateral for the loan. Formally, a Mortgage law#Mortgage lender, mortgage lender (mortgagee), or other lienholder, obtains a termination of a Mortgage law#Borrower, mortgage borrower (mortgagor)'s Equity of redemption, equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure). Usually, a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower default (finance), defaults and the lender tries to Repossession, repossess the property, courts of equity can grant the borrower the Equity of redemption, equitable right of redemption if the borrower repays the debt. While this equitable right exists, it is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Calvin Schermerhorn
Calvin Schermerhorn (born 1975) is an American historian who specializes in the study of slavery, capitalism, and African-American inequality. Educated at Saint Mary's College of Maryland, Harvard Divinity School and University of Virginia, he teaches at Arizona State University. In 2012, he annotated a newly recovered slave narrative by a man named Henry Goings, at which time Schermerhorn told a reporter, "The 'Old South' of Hollywood legend was actually a very new place by the time Goings was taken to Tennessee and Alabama in the 1820s and when he escaped from Alabama in the 1830s. Goings was a brilliant observer of places, events and human nature. He also was a gifted writer." His 2015 ''The Business of Slavery'' was about "how specific decisions and adaptations of individual slavers to changing conditions helped create an American empire of slavery," and "belies the alleged moral divide between the North and the South by reconstructing interregional and global networks of fina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Of Texas
The Republic of Texas (), or simply Texas, was a country in North America that existed for close to 10 years, from March 2, 1836, to February 19, 1846. Texas shared borders with Centralist Republic of Mexico, the Republic of the Rio Grande, and the United States. The Republic declared its independence from Mexico with the proclamation of the Texas Declaration of Independence, subsequently beginning the Texas Revolution. The proclamation was established after the Centralist Republic of Mexico abolished autonomy from states of the First Mexican Republic, Mexican federal republic. The revolution lasted for six months, with major fighting ending on April 21, 1836, securing independence. The Mexican Congress refused to recognize the independence of the Republic of Texas, as the Treaties of Velasco were signed by Mexican President and General Antonio López de Santa Anna under duress as prisoner. The majority of the Mexican Congress did not approve the agreement. Much of its territor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Slave Insurance In The United States
Slavery is the ownership of a person as property, especially in regards to their labour. Slavery typically involves compulsory work, with the slave's location of work and residence dictated by the party that holds them in bondage. Enslavement is the placement of a person into slavery, and the person is called a slave or an enslaved person (see ). Many historical cases of enslavement occurred as a result of breaking the law, becoming indebted, suffering a military defeat, or exploitation for cheaper labor; other forms of slavery were instituted along demographic lines such as race or sex. Slaves would be kept in bondage for life, or for a fixed period of time after which they would be granted freedom. Although slavery is usually involuntary and involves coercion, there are also cases where people voluntarily enter into slavery to pay a debt or earn money due to poverty. In the course of human history, slavery was a typical feature of civilization, and existed in most societ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Slavery In The United States
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, mone ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
