2007.11.26 - Revolt of the Debtors

2007.11.26 - Revolt of the Debtors - [REVOLT OF THE...

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[ REVOLT OF THE DEBTORS ] History 150 · Kantrowitz · LEC 001 [Pick the date] S OUTHERN P OLITICAL E CONOMY AFTER R ECONSTRUCTION - COTTON OVERPRODUCTION , FALLING PRICES , DEBT - SPECIE R ESUMPTION AND SCARCITY OF CREDIT - S PECIE R ESUMPTION A CT , 1875 - ALL GREENBACKS WILL BE BACKED BY GOLD , YOU CAN ONLY PRINT AS MANY DOLLARS AS YOU DO GOLD - THIS SHRINKS THE MONEY SUPPLY - THIS MAKES THE CREDIT VERY TIGHT - “O PEN R ANGE UNDER SIEGE – “ FENCE LAWS - IN OLDER TIMES , YOU CAN JUST LET YOUR ANIMALS GO WHERE EVER , WHETHER IT WAS OWNED OR NOT - THIS IS IMPORTANT , BECAUSE POOR PEOPLE DON T OWN LAND - BIG LAND OWNERS HATE THE OPEN RANGE , BECAUSE THEY HAVE TO FENCE IN ALL OF THEIR LAND - SCIENTIFIC FARMERS GET SUPER PISSED - FENCE LAWS REQUIRE PEOPLE TO FENCE IN THEIR LIVESTOCK , NOT THE FARM OWNERS - T RAIN CONDUCTORS ALSO HATE THE OPEN RANGE - UNDER OPEN RANGE , IF AN ANIMAL IS ON THEIR TRACKS , AND THEY HIT IT , THEY ARE LIABLE - THEY WERE SUPPOSED TO FENCE IN THEIR RAILS , RIDICULOUS - INVENTION OF BARBED WIRE MAKES FENCING MUCH MORE INEXPENSIVE - D EMOCRATIC MOVES TOWARD HEGEMONY - INTIMIDATION , VIOLENCE , GERRYMANDERING
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2007.11.26 - Revolt of the Debtors - [REVOLT OF THE...

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