Frontier debts taken under duress often ended up repaid in full
Evidence
In justice to Evans, I must mention here that every cent of the money was ultimately paid, that the horse was perfection, and that the arrangement turned out a most advantageous one for me. — Isabella L. Bird, A Lady’s Life in the Rocky Mountains, 140
Categorization
- XREF: connects to: Money entrusted to frontier intermediaries often disappeared, forcing repayment in goods — Isabella L. Bird, A Lady’s Life in the Rocky Mountains, 140; Debt has historically served to capture and fix people within political bonds — Achille Mbembe, Necropolitics, 133; Colonies took on debt at punitive interest rates and faced enforced compensation — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 21 (+5 more)
Broader Connections
- Debt has historically served to capture and fix people within political bonds
#expands(1.00) — Achille Mbembe, Necropolitics, 133 - Colonies took on debt at punitive interest rates and faced enforced compensation
#expands(1.00) — Fanny Pigeaud_ Ndongo Samba Sylla, Africa’s Last Colonial Currency, 21 - Confinement to one community makes reputational sanctions powerful enough to guarantee repayment
#expands(1.00) - Chagossian compensation was small, delayed, and largely consumed by debt
#complicates(1.00) — David Vine, Base Nation_ How U.S. Military Bases…, 219 - Enslaved people served as collateral in national and international debt markets
#complicates(1.00) — Dorothy A. Brown, Getting to Reparations, 454 - Ancient caste law encoded differential interest rates legitimizing debt bondage
#expands(1.00) - Debt securitization served as inadequate compensation for welfare-state dismantling
#complicates(1.00) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 963