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What was the system that enabled storekeepers to extend credit on small farmers' crops and thus keep them permanently in debt?
Wiki User
∙ 9y ago
The Crop-Lien System enabled storekeepers to extend credit on small farmers' crops, which kept them permanently in debt.
Wiki User
∙ 9y ago
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Why do farmers need credit?
farmers need credit for purchasing seeds fertilizer,insectisides nd pestisides etc for the bettrmnt of their crops..... thnxx by H.J.
What is a credit card number for the game fantage?
it should be your own credit card. you can't use others credit card! or if you do that you will be permanently banned from fantage
Why was the pioneer storekeeper important?
Simply put, they kept stores available to the pioneers, who relied upon those supplies for their very lives. Bartering and the issuance of terms of credit were sometimes creatively applied by the pioneer storekeepers.
What is non-supervised credit?
The agriculture credit given to farmers for agri-development with out any guidence and supervision regarding use of loans
What was a result of the stock market farmers problem and the overuse of credit?
the country entered into a depression
What was the crop lien?
Sharecroppers and tenant farmers who did not own the land they worked obtain supplies and food on credit from local merchants. They held a lien on the cotton crop and the merchants and landowners were the first ones paid from its sale. What was left over went to the farmer. The system ended in the 1940s as prosperity returned and many poor farmers moved permanently to cities and towns, where jobs were plentiful because of the war. The crop-lien system gave farmers a line of credit with a local merchant for supplies, with repayment to be made when a farmer's crop was sold. Crop-liens were fairly common in the late nineteenth and early twentieth centuries.
What enabled sharecroppers to purchase goods on credit?
The sharecroppers were able to purchase goods on credit for a mortgage or lien on the farmer's crop. The merchant would advance supplies such as food, clothes, or tools in return.
What action did farmers take when they bought equipment on credit and were unable to pay their loans?
They sold equipment
What was the result of the stock market crash Farmers problems and the overuse of credit?
The country entered into a depression (apex)
What is farmer's FCS?
The Farmer Credit System (FCS), not formally a government agency even though it is sponsored by the USDA, provides credit and related services to wheat farmers.
What has the author D K Singh written?
D. K. Singh has written: 'Flow of credit to small and marginal farmers in Uttar Pradesh' -- subject(s): Credit, Statistics
Will a 40K debt in Canada be considered as a criminal case if you leave the country permanently?
If it is determined that you committed fraud to avoid the debt or to get the credit, yes.
