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Debt-ridden farmers founded these two parties in the late 1800s?
the populist and greenback
Which two parties were founded by debt-ridden farmers in the late 1800s?
The debt-ridden farmers found the populist and greenback parties back in the late 1800's
Why did farmers in the 1800s find it so difficult to get out of debt?
the shortage of money coupled with high prices for seed and equipment
Which of these best describes why a large percentage of farmers in the late 1800s had high amounts of debt?
Many farmers had borrowed large amounts of money to pay for land and farm equipment.
What is true of American farms in the 1800s?
next time put 1880s
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.
Shays rebellion was cause by this problem?
Shays Rebellion was caused by foreclosures on farmers properties.
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.
Why were farmers in debt?
Farmers were in debt because they were paid little amount of money.
Is the US in debt?
Yes, currently the USA is in debt and the debt is increasing daily.
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
