Let's take a closer look at an example. A price ceiling is the maximum price that can be charged. If the price is set below the equilibrium price, the price ceiling is said to be effective (or binding).
Criminal vagrancy laws were originally aimed at those wanderers and. beggars physically capable of working.24 However, in 1744 vagrancy. crimes were divided into three classes: idle and disorderly persons, rogues and vagabonds, and incorrigible rogues.
Some states limited the type of property that blacks could own, while virtually all the former Confederate states passed strict vagrancy and labor contract laws, as well as so-called âantienticementâ measures designed to punish anyone who offered higher wages to a black laborer already under contract.