AR History Chapt. 9 Flashcards
A small group of wealthy men who owned large amounts of land, many slaves, and typically focused on the production of cotton
Planters
A state without slavery; where slavery was illegal
Free State
A guarantee of privilege granted by the power of a state or county
Charter
A very large farm devoted to production of one chief crop, such as cotton or sugar, associated with a slave labor force; a farm with at least a thousand acres and twenty slaves was considered this
Plantation
A small, wealthy, and powerful group of individuals
Elite
Storage or repair place for firearms or other weapons
Arsenal
Money available for investment, construction, or expansion of business
Capital
The provision of money, goods, or services with the expectation of future payment
Credit
An Arkansas state bank created in the 1830s primarily for the use of the planters and the wealthy
Real Estate Bank
An Arkansas bank created in the 1830s to serve primarily merchants and the ‘common’ man
State Bank
Interest-bearing certificates of public or private indebtedness; a method of borrowing money
Bonds
One who determines the value of land or other property
Assessor
An 1836 policy issued by President Jackson and implemented by president Van Buren that required payment for public lands be in gold and silver or ‘hard’ money, as opposed to paper money that was soft
Specie Circular
Hard currency, namely gold or silver, as opposed to paper money
Specie
A severe economic depression caused by falling cotton prices, failure of the wheat crop in the United States, and financial hardships in England
Panic of 1837
A law specifying that public lands be set aside and sold to raise cash to build schools
Common School Law
An independent, small, or family farmer
Yeoman
residents on land who do not hold legal title to the land
Squatters
Someone interested in the buying and selling of land for quick and/or large profit; real-estate investor
Speculator
Hulled corn with the germ removed, from which grits are made
Hominy
Outdoor toilet or outhouse
Privy
A Chicot County slave owner
Elisha Worthington
Boss of a group of slaves, usually a white man, hired to manage the plantation
Overseer
The pods and their white, billowy, puffy fiber that is picked and spun into cotton thread
Bolls