shays rebellion
the quickest way to for farmers to repay that dept: cash crops
Farmers that could not pay their debts, the amount of land they had was used to paythem off.
Sell their crop and pay with the money they earned from the selling.
Many farmers had borrowed large amounts of money to pay for land and farm equipment.
New technology helped send farmers into debt
They had to buy supplies by borrowing money
Demands for crops fell as farmers debt rose.
Debt
New technology helped send farmers into debt
debt
shays rebellion
they thought inflation would help them out of debt. many farmers were caught in a cycle of constant debt.
The debt-ridden farmers found the populist and greenback parties back in the late 1800's
After the Civil War, the farmers debt increased. The reason for this is because the crop prices went way too low.
Most Greeks and Romans were farmers, both were in debt thus gaining independent farmers.
the quickest way to for farmers to repay that dept: cash crops