A national law provides for colonial banks, including a bank in French Guiana. The scheme was tied to the post-emancipation economy and was discussed as a possible source of credit for freedpeople seeking land, while also serving plantation and commercial interests. Its existence does not show that formerly enslaved families broadly gained loans or land.
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What did the law of 11 July 1851 provide for in French Guiana?
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Explanation
The law provided for colonial banks; proposed credit access should not be confused with proof that freedpeople broadly received loans.
The law establishing colonial banks was passed on 12 November 1851.
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Explanation
The national law was dated 11 July 1851 and promulgated locally in French Guiana on 12 November.