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How did debt led to farmers to leave their farms for a life in the city?
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One of the major problems facing farmers in the 1920s was?
One of the major problems facing farmers in the 1920's was overproduction. Farmers were heavily in debt to pay for new, expensive machinery and began growing more produce in an attempt to cover their debts. Sales of agricultural goods saw a decline in the 1920's leaving the farmers with high debts and decreased sales.
What was a common problem for small farmers?
low prices for crops debt to merchants reliance on a single crop
How did the deflation or decrease in the money supply in the late 1800s affect farmers?
Labor unrest and violence engulfed the nation. Most farmers of the late 1800s were debtors, meaning they owed money. These farmers were hurt by deflation because it meant that their debt must be paid in money worth more than the money borrowed.
How did debt cause many people to give up farming and move to the city?
youre mom
How did bimetallism benefit farmers?
Bimetallism is the use of both silver and gold as the basis of an economy as opposed to the use of one or the other or none. This would help the farmers and the farmers highly supported it because more money would be in circulation. Therefore the prices would rise, value of money decreases so more people would have money. A high percentage of the farmers were in debt. By increasing the amount of money, the overall value of money would go down, and the farmers would have an easier time paying off their debts.
What tax caused farmers to rebel?
No one was buying their crops. They had no money to buy more crops. Debt D= ---SEAN KING farms
What is true of American farms in the 1800s?
next time put 1880s
What is the difference between serfs and tenant farmers?
A serf farms land that belongs to another, is able to retain some of his crop, and is legally bound to the land. He cannot leave for a better piece of land or a better job. A tenant farmer farms land that belongs to another under a rental or lease arrangement. He pays the land owner for the right to farm, usually with a portion of the crop. In theory he has the right to leave and farm elsewhere, or take a job in town. In practice, tenant farmers were sometime do deeply in debt to their land owners that they could not leave because the local law considered leaving as the same as running out on the debt. Then a tenant farmer was not much different from a serf.
Why were farmers in debt?
Farmers were in debt because they were paid little amount of money.
What did Shay's rebellion protest?
heavy taxes on farmers that forced them into debt and made them want their local courts to be closed to prevent them from losing their farms.
What danger did farmer face in 1880?
Farmers faced losing their land and becomiing tenant farmers,
Which is true of American farmers in the e 1880s?
New technology helped send farmers into debt
Why were farmers always in debt?
They had to buy supplies by borrowing money
What was the situation of farmers in the 1920s?
Demands for crops fell as farmers debt rose.
Taxes and this led to farmers rebellion?
Debt
What is true of American farmers in 1880?
New technology helped send farmers into debt
What dangers did farmers faced in the 1880s?
Farmers faced loosing their land because of hardships in paying their loans.
