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the quickest way to for farmers to repay that dept: cash crops

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12y ago

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What was the quickest way for farmers to repay debt?

Sell their crop and pay with the money they earned from the selling.


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.


Is it wiser to repay smaller debt of same interest rate first?

Yes, it would be wiser to repay smaller debt of same interest rate first.


Why were farmers in debt?

Farmers were in debt because they were paid little amount of money.


What was hamiltons plan to repay debt?

Youmad bro?


What is Fiscal Crisis?

unable to repay ones debt


What term describes the ability to repay debt?

Creditworthiness


How do the Cunningham's repay their debt?

they give people their harvest


Why did the debt for farmers increase during the 1920s?

During the 1920s, farmers experienced increased debt due to several factors, including rising land prices and the expansion of mechanized farming, which led them to borrow heavily for equipment and land purchases. Additionally, after World War I, agricultural prices fell sharply as demand decreased, making it difficult for farmers to repay loans. This financial strain was exacerbated by overproduction, which further drove down prices. Consequently, many farmers found themselves in a cycle of mounting debt that they struggled to escape.


What percentage of the debt should repay collection agency?

50%


What plan could you use to repay the debt?

use swag


Why did Texas farmers face increasing debt in the late 1800's?

Texas farmers faced increasing debt in the late 1800s due to a combination of factors, including falling crop prices, high interest rates, and the cost of purchasing land and equipment. The overproduction of staple crops, particularly cotton, led to a surplus that drove prices down, making it difficult for farmers to repay loans. Additionally, natural disasters such as droughts and floods further exacerbated their financial struggles. As a result, many farmers became trapped in a cycle of debt that was difficult to escape.