Economic Inequality in the Cow Country

These flashcards cover key vocabulary related to economic themes and inequalities discussed in the lecture about the cow country.

Pyramid Scheme

A financial scheme where returns for older investors are paid using the capital from newer investors, often leading to disproportionate benefits for the few at the top.

Sharecropping

An arrangement where farmers work land owned by someone else in exchange for a share of the crops, often leading to a cycle of debt and poverty.

Creditor

An entity or individual that lends money or extends credit, often requiring repayment with interest.

Scythe

A tool used for cutting crops, particularly grass or grain, typically consisting of a curved blade attached to a long handle.

Revolver

A type of firearm with a revolving cylinder containing multiple chambers for bullets, often considered essential for protection in lawless areas.

Wages

Compensation or payment received by a worker for their labor, typically calculated on an hourly or weekly basis.

Unequal Gains

The disparity in wealth and benefits where one group (typically the powerful) profits significantly more than another (typically the vulnerable).

Provisions

Supplies of food or other essentials provided for individuals or groups, often required for sustenance during work.

Market

A system or place where goods and services are exchanged, often reflecting the dynamics of supply and demand.

Debt

Money that is owed or due, often resulting from loans, which can trap individuals in a cycle of repayment.