A single great staple, easily produced by the reckless exhaustion of land, and varying widely in the annual value of crops, bred improvidence and speculation.
Everything was bought upon long credits, given by the London merchants, and this, too, contributed largely to carelessness and waste.

The chronic state of a planter in a business way was one of debt, and the lack of capital made his conduct of affairs extravagant and loose.

With all his care and method Washington himself was often pinched for ready money, and it was only by his thoroughness and foresight that he prospered and made money while so many of his neighbors struggled with debt and lived on in easy luxury, not knowing what the morrow might bring forth.
A far more serious trouble than bad business methods was one which was little heeded at the moment, but which really lay at the foundation of the whole system of society and business.

This was the character of the labor by which the plantations were worked.

Slave labor is well known now to be the most expensive and the worst form of labor that can be employed.