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What else can I help you with?
Why was Currency reform was an important issue to agrarian activists?
they thought inflation would help them out of debt. many farmers were caught in a cycle of constant debt.
Why did many of Virginias farmers become wealthier than farmers in New England?
The Virginia plantations could grow more crops and in larger quantities. New England had rocky soil and couldn’t support large fields of crops.
What is tobacco diversification?
Tobacco diversification is the efforts to help famers move away from the declining value of the tobacco. Vineyards are now replacing many of the traditional tobacco farms, bring a new profitable crop to the farmers.
How did the confederacy raise money from farmers?
many ways such as making all farmers who owned a certain size of land and over to grow tobacco and cotton.
What happenened to farmers during the 1920s?
The Farmers caried on farming like they did before planting crops and then harvesting them. They also went into a lot of debt because they were still producing a lot of crops like they had been in WWI. This caused the price for these goods to go down, and many farmers had to go into debt. Then many of them would be kicked off their land because they couldn't pay their debt or the banks they were in debt to went bankrupt.
What was the significance of tobacco during the gilded age?
Tobacco production and exportation were staples of the Colonial economy. Tobacco production increased slave labor in the colonies. Debt to British tobacco merchants led to financial devastation for many prominent colonists.
How did the new deal hurt farmers?
The new deal hurt farmers because it put many farmers in debt and there were many droughts causing the crops to be destroyed. Since the crops were destroyed, the farmers couldn't make money and turned poor.
How much money would farmers lose if the did not grow tobacco?
Surprisingly little. Not many tobacco farmers have it as their only crop. Most use it to supplement income from other crops. It would be simple to subsidize their switch to other crops over a period of a couple of years.
How did the farmers get themselves into enormous amount debt in the 1800's?
Many farmers borrowed large amounts of money to pay for farming equipment and to pay for the land.
Which is true of the crop lien system of the 1880s?
The system kept many farmers in debt to merchants and banks.
Why did growing cotton after the civil war send many southern farmers into debt?
Because they had to pay people to harvest it
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.
