credit was supposed to help planters afford the goods they wanted to buy. in reality, many planters could…

credit was supposed to help planters afford the goods they wanted to buy. in reality, many planters could not repay the money they owed to merchant houses each year. these planters built up greater debt over time. the table shows an example of how a planter could go into debt. look at the table. then complete the text below. complete the text. spent on goods earned selling tobacco the planters debt increased in 1764 and 1765 because the amount he was greater than the amount he

credit was supposed to help planters afford the goods they wanted to buy. in reality, many planters could not repay the money they owed to merchant houses each year. these planters built up greater debt over time. the table shows an example of how a planter could go into debt. look at the table. then complete the text below. complete the text. spent on goods earned selling tobacco the planters debt increased in 1764 and 1765 because the amount he was greater than the amount he

Answer

Explanation:

Step1: Analyze debt - increase reason

Debt increases when spending exceeds earnings.

Step2: Identify relevant amounts

In the table, the amounts spent on goods and earned are given.

Answer:

spent on goods; earned selling tobacco