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How did debt cause many people to give up farming and move to the city?
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∙ 10y ago
youre mom
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∙ 10y ago
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Why did the farmers want more money in circulation?
Because they weren't earning enough money by just farming. They were going into debt. So, they were constantly going to the bank to get loans, with the bank not bringing enough money in. Pretty soon... even the bank was going into debt, and nobody had enough money to support their families. This was known as the Panic of 1893
Causes of external debt?
Debt is often a nasty four letter word for the people that are facing it. The causes of external debt can include war, rebuilding efforts, and any other reason that a country would need to borrow money from another country.
What does monetization of the debt mean?
It means that money is printed and injected into the banking system such that more funds are available to pay down the national debt (potentially speaking). Even so, the overall debt ceiling usually needs to be raised - when the economy is in a downturn. The current debt ceiling is at 13 trillion plus dollars - and by January, 2011, will need to be raised (by the Congress) to 14 trillion plus dollars, in order that the U.S. not enter into default on its debt obligations (because this would cause a worldwide economic collapse - no exaggeraton here).
What happens to the people of United States if the debt of the United States continues to rise?
Look at the British after World War II. Cut the military budget; shrink the $10 trillion debt; and enjoy life again.
What is Mexico's debt level?
Government debt can be subdivided into two categories: external debt and domestic debt. External debt is the outstanding debt owed from the Mexican government to foreign governments (such as the United States or Europe), banks, institutions and individuals. Domestic debt is the amount of debt owed to Mexican banks, institutions and individuals within the country.Mexico's government debt can be broken down as follows:External debt: US$46,208.8 million.Domestic debt: US$192,218.7 million.Total Mexican debt: US$238,427.6 million.Now, the indebtedness level is the percentage of debt compared as a percentage of the total sum of products and services sold in the country within a year (also named Gross Domestic Product - GDP). Mexico's Gross Domestic Product is valued at US$788,840 million (est. 2009).Therefore Mexico's debt level is:5.9% of its GDP in foreign debt.24.4% of its GDP in domestic debt.30.3% of its GDP for total public debt.
What factors caused many people to give up farming and move to the city?
cash crops, technology, debt, competition from corporations and jobs in cities.
What are some problems with debt consolidations?
Some of the problems with debt consolidation can get cause people to dig themselves deeper into debt. The original debts occur, but due to the smaller monthly payments many people feel that they can take on more debt. Another problem is that many people use their home equity to consolidate debt, and when it can not be paid they lose their house.
Can people who are currently in debt start organic farming?
Debt would not have anything to with a person starting organic farming, other than the possibility that the person might not have the resources necessary to start an organic farm. In that case, the person might want to start an organic garden, sell the produce at a farmers market, and build from that every year.
What cause debt?
The main cause of oxygen debt is extraneous exercises. This will cause aerobic respiration which uses more oxygen causing a deficit.
What was a main cause of the Great Depression?
Stock Crash- Black Tuesday- People in debt- Bank Panics Etc.
What causes oxygen debt?
The main cause of oxygen debt is extraneous exercises. This will cause aerobic respiration which uses more oxygen causing a deficit.
Are debt consolidation services available in the state of Texas?
There are a number of debt consolidation services available to people all across the state of Texas. You can find a list of services through searches by state, city, and county by going on the debt consolidation services website.
The cause and effect of the great deppression?
The stock market crashed and people ran out of money wich coused the country to go into debt
Who is the number one most in debt city?
toogie how!
What are people called have a debt owed to them?
A creditor is someone who has a debt owed to them. The one who owes the debt is the debtor.
Are there counselors who provide help with debt consolidation?
There are people who specialize in debt consolotiation. These are refered to as debt counselors.
What cause the crisis after the revolutionary war?
Most people dont know this answer. The taxes caused a great debt. The borrowing of money also caused the crisis
