The Debt Trap of the West: Inside the Clifden Reproductive Loan Fund (1842–1849)
The Paper Trail of Desperation In 1847, a Connemara laborer named Patrick Joyce borrowed £2 to buy seed potatoes. The loan document survives in The National Archives series T 91/88. What genealogists miss is that this wasn’t charity—it was a financial contract charging 14.9% annual interest, requiring two neighbors to pledge their homes as collateral, … Read more