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During the late 1800's, deflation was going on economically, which hurt the farmers because their crops were worth less.
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∙ 11y ago
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What political party was in favor for increasing the money supply in the late 1800s?
I think it was the political party.
What were the economic challenges to American farmers and how did farmers respond to these challenges in mid to late 1800s?
They had to borrow money to buy seed, fertilize, and equipment
What intensified the debts that Plains farmers had during the late 1800s?
a tight money supply high prices for new equipment falling prices for their crops
In the late 19th century farmers desired cheap money or soft money polices because they believed rising prices for there crops would?
enable them to pay back their loans more easily
How to convert money from 1800s to 1900s?
2chainz
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.
Why did the plains farmers In the 1800s support bimetallism?
It would put more money in circulation.
What political party was in favor for increasing the money supply in the late 1800s?
I think it was the political party.
Why did plains farmers in the late 1800s to support bimetallism?
It would put more money in circulation.
Farmers decired cheap money or soft money?
enable them to pay back their loans more easily
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 were the economic challenges to American farmers and how did farmers respond to these challenges in mid to late 1800s?
They had to borrow money to buy seed, fertilize, and equipment
In the late 19th century farmers desired cheap money or soft money policies because they believed rising prices for their crops would what?
to enable the farmers to pay back their loans easily.
What intensified the debts that Plains farmers had during the late 1800s?
a tight money supply high prices for new equipment falling prices for their crops
How much money did they pay farmers in the late 1800s?
Farmers worked up to 10 hours and was paid .75 cent a day and for a week they was paid 5.25.They rent was about 350.00 so some would go hungry and not eat.
Farmers desired cheap money or soft money policies because they believed rising prices for their crops would?
It would enable them to pay back their loans more easily.
