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The main things are when costs or expenses are much higher than profits or income, and so much so that a farmer needs to take loans out to be able to pay such expenses. This can easily put a farmer deep into debt, and even cause bankruptcy if he or she can't pay off the loans on time.
Low product prices, less and less competition between companies, cheap prices on the market for consumers, government subsidies going to the large companies and not the small farmers, the list goes on are all what can make a farmer lose money and go into debt.
What else can I help you with?
Why were farmers in debt?
Farmers were in debt because they were paid little amount of money.
How did economic depression lead to Shay's rebellion?
The U.S. had owed debt to England, causing them to tax farmers. Increasing on land taxes.
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 is the worst sign of economic depression?
One of the worst signs of economic depression is high unemployment. Unemployment drives many of the other symptoms of depression (such as increased debt, mortgage foreclosures and unwillingness to spend on luxury items).
What was the situation of farmers in the 1920s?
Demands for crops fell as farmers debt rose.
Which is true about American farmers in the 1880's?
American farmers faced economic challenges in the 1880s due to falling crop prices, high debt levels, and monopolistic practices by railroad and grain companies. Many farmers organized alliances and movements to advocate for their rights and push for reforms to improve their economic conditions. These challenges eventually contributed to the populist movement.
Taxes and this led to farmers rebellion?
Debt
How did farmers in Massachusetts respond to the treatment they received after the war?
After the war, many farmers in Massachusetts faced economic hardships, including high taxes and debt, which led to widespread dissatisfaction. This discontent culminated in events like Shays' Rebellion in 1786-1787, where farmers protested against aggressive tax and debt collection practices. They sought relief from oppressive government policies and demanded changes in the economic system to alleviate their struggles. Overall, farmers organized and mobilized to voice their grievances, highlighting the broader tensions between rural communities and state authorities.
What is true of American farmers in 1880?
New technology helped send farmers into debt
What were some of the challenges presented to Plains farmers in the S's?
In the 1930s, Plains farmers faced significant challenges, including severe drought conditions that led to the Dust Bowl, which devastated crops and soil quality. Economic hardships intensified due to falling crop prices during the Great Depression, making it difficult for farmers to sustain their livelihoods. Additionally, many farmers struggled with debt and the inability to access credit, further complicating their efforts to recover from the environmental and economic crises.
Which crop allowed farmers to sell in large amounts?
debt
