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Builders of a New SouthMerchants, Capital, and the Remaking of Natchez, 1865-1914$
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Aaron D. Anderson

Print publication date: 2013

Print ISBN-13: 9781617036675

Published to University Press of Mississippi: March 2014

DOI: 10.14325/mississippi/9781617036675.001.0001

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PRINTED FROM Mississippi SCHOLARSHIP ONLINE (www.mississippi.universitypressscholarship.com). (c) Copyright University Press of Mississippi, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MSSO for personal use.date: 02 April 2020

A Dangerous Business

A Dangerous Business

Chapter:
(p.180) Chapter 6 A Dangerous Business
Source:
Builders of a New South
Author(s):

Aaron D. Anderson

Publisher:
University Press of Mississippi
DOI:10.14325/mississippi/9781617036675.003.0007

This chapter discusses the Natchez business environment during the last half of the nineteenth century. The constrained postwar labor market, depressed cotton prices, changing international cotton markets, emergent cotton futures trading, debilitating reliance upon outside credit, and enduring dearth of significant local capital all combined to ensure a volatile business environment. Merchants in particular felt this pressure, not only as the leading providers of petty agricultural and consumer credit but also as the prime keepers and perpetuators of an unequal and pernicious system of liens and credit that poisoned the future growth of Natchez. At least half of all postwar Natchez merchants succumbed to failure between 1865 and 1910.

Keywords:   Natchez, business environment, volatility, business failure

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