Which Statement Best Describes the Origins of Sharecropping

question 43

Multiple Choice

Which statement best describes the origins of sharecropping?

• A)The federal government was unwilling to help the freed people in any way, so they had no alternative but to go into sharecropping.
• B)Most former slaves preferred wage labor, but terrorist groups like the Ku Klux Klan forced them to accept sharecropping.
• C)The freed people recognized that under sharecropping they could earn more money than through wage labor, if they worked harder.
• D)The South was short of capital, and landowners found it easier to pay workers in kind, rather than in cash.

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Definitions:

Monopsony Power

A market condition where there is only one buyer for a product or service, giving that buyer significant control over prices.

Price

Price is the amount of money expected, required, or given in payment for something, playing a central role in the economics of market transactions.

Good

An item or product that can be bought, sold, or traded, contributing to an economy's wealth or resources.

Monopsonist

A market condition in which there is only one buyer for a product or service, giving the buyer substantial power over prices.