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For the most part, white southerners defended the "peculiar institution" whether or not they had slaves, whether they were rich or poor, and whether they lived on large plantations or small farms. Why was this the case?
Interest
The amount paid for the use of borrowed money, typically expressed as a percentage.
Invested
The allocation of resources, typically money, into ventures with the expectation of generating income or profit.
Interest
The cost of borrowing money or the earnings from lending money, calculated as a percentage of the principal amount.
Simple Interest Rate
A rate used to calculate the interest charge on a loan over a specific period of time, not accounting for the effect of compounding.
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