Plantation
He sold his small inherited Virginia plantation in 1783 to enter law and politics. Monroe later fulfilled his youthful dream of becoming the owner of a large plantation and wielding great political power, but his plantation was never profitable. Although he owned much more land and slaves and speculated in property, he was rarely on-site to oversee the operations. Overseers treated the slaves harshly to force production, but the plantations barely broke even. Monroe incurred debts by his lavish lifestyle and often sold property (including slaves) to pay them off.
Read more about this topic: James Monroe
Famous quotes containing the word plantation:
“Greece is a sort of American vassal; the Netherlands is the country of American bases that grow like tulip bulbs; Cuba is the main sugar plantation of the American monopolies; Turkey is prepared to kow-tow before any United States pro-consul and Canada is the boring second fiddle in the American symphony.”
—Andrei Andreyevich Gromyko (1909–1989)