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Compound interest uses the accumulated balance at each year end to compute interest in the succeeding year.
Frederick Douglass
An African American social reformer, abolitionist, orator, writer, and statesman who escaped from slavery and became a leader of the abolitionist movement, advocating for the rights of African Americans.
Plantation Field Work
Labor performed on plantations, typically involving the cultivation and harvesting of crops like cotton, tobacco, and sugar by enslaved Africans and African Americans in the pre-Civil War United States.
Peculiar Institution
A euphemism once used to refer to the American system of slavery, especially in the antebellum South, highlighting its distinctive and controversial nature.
Economic Drain
A situation where wealth or resources are transferred out of an economy, often due to unfavorable trade balances, colonial exploitation, or remittances.
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