The Following Questions Refer to the Excerpt Below

question 43

Multiple Choice

The following questions refer to the excerpt below.
"I told him I thought that every man,when he was free,could have his rights and protect [himself].He said,"The colored people could never protect themselves among the white people.So you had all better stay with the white people who raised you and make contracts with them to work by the year for one-fifth of all you make.And next year you can get one-third,and the next you maybe work for one-half you make.We have contracts for you all to sign,to work for one-twentieth you make from now until the crop is ended,and then next year you all can make another crop and get more of it.""
Senate Report 693,46th Congress,2nd Session,1880
-The economic system described in the excerpt above is known as

• A) wage slavery.
• B) Reconstruction.
• C) indentured servitude.
• D) sharecropping.

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Definitions:

Contractual Obligations

Legal commitments derived from agreements that parties are required to fulfill.

Formal Commitment

Refers to a binding agreement or pledge to engage in or refrain from a specified action.

Implied Contract

A contract that arises not from words of agreement but from the conduct of the parties.

Express Contract

A contract in which all the terms are clearly set forth in either written or spoken words.