For example, a bank advertisement from Mobile, Alabama stated that “Mobile has less banking capital…than any other city in the United States.” (Alabama National Bank) Without tangible currency or capital, sharecroppers and tenant farmers were forced even further to rely on the landowners for a place to live and materials in hopes of one day being able to profit for themselves, and advance their economic standing. In remedy to lack of tangible capital, tenant farmers and sharecroppers may have resorted to taking out loans or borrowing money in a similar fashion. A loan advertisement from The People’s Building, Loan and Saving Association offered loans, “…to lift mortgages, improve property, or to put into your business.” (Money! Money! Advertisement) The language of these loan advertisements were positive and conveyed a sense of solution to any economic situation, however, without a reliable means to repay the loans, sharecroppers and tenant farmers faced the same situation of
For example, a bank advertisement from Mobile, Alabama stated that “Mobile has less banking capital…than any other city in the United States.” (Alabama National Bank) Without tangible currency or capital, sharecroppers and tenant farmers were forced even further to rely on the landowners for a place to live and materials in hopes of one day being able to profit for themselves, and advance their economic standing. In remedy to lack of tangible capital, tenant farmers and sharecroppers may have resorted to taking out loans or borrowing money in a similar fashion. A loan advertisement from The People’s Building, Loan and Saving Association offered loans, “…to lift mortgages, improve property, or to put into your business.” (Money! Money! Advertisement) The language of these loan advertisements were positive and conveyed a sense of solution to any economic situation, however, without a reliable means to repay the loans, sharecroppers and tenant farmers faced the same situation of