One reason that Washington and other planters submitted to their London agents was that they offered easy credit unavailable in the colonies. Like many of his affluent neighbors, Washington was land rich and cash poor and spent a lifetime scrounging for money. Historians have often pondered the paradox of why rich Virginia planters later formed a hotbed of revolutionary ferment, and the explanation partly lies in their long, sullen dependence upon London factors. Of four million pounds borrowed by colonists by the outset of the American Revolution, half was owed by the prodigal farmers of
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