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Farmers who couldn't pay their debts often faced severe consequences, including foreclosure on their properties, loss of their land, and bankruptcy. Many were forced to sell off livestock or equipment to settle debts, which further impacted their ability to farm. In some cases, they might have had to seek assistance from government programs or turn to alternative livelihoods to survive. The situation often led to increased poverty and economic instability in rural communities.
What else can I help you with?
What was happening to farmers who could not pay their debt?
Farmers that could not pay their debts, the amount of land they had was used to paythem off.
What was the quickest way for farmers to repay debt?
Sell their crop and pay with the money they earned from the selling.
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.
Do you have to pay a debt collector?
Yes, if you owe a debt and a debt collector is legally pursuing payment, you are generally required to pay the debt collector.
How can one pay your credit card debt?
The best way a person can pay their credit card debt is by getting a job to earn money to pay off the debt. By being wise about how their money is spent, a person can begin to pay off the debt without creating more.
How did the great depresssion afeccted the farmers in the mid west and the south?
they couldnt pay there payments
What was happening to farmers who could not pay their debt?
Farmers that could not pay their debts, the amount of land they had was used to paythem off.
What is the debtor?
Debtors' prison is where one in the 1800's went when they couldnt pay thier debt. Often it was for taxes.
What happened to farmers who couldn't pay their debts in Athens in the sevenths century B.c?
They were sold into foreign slavery to pay for the debt. It was part of Solon's reforms in the early sixth century to cancel debts and recover these people where possible.
What happened to the farmers who couldn't pay their debts in Athens in the seventh century BC?
The were sold as slaves to other cities to pay for the debt.
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.
What happened to farmers who couldn't pay their debts in Athens in the seventh century B.C?
They were sold into foreign slavery to pay for the debt. It was part of Solon's reforms in the early sixth century to cancel debts and recover these people where possible.
What was the quickest way for farmers to repay debt?
Sell their crop and pay with the money they earned from the selling.
What happen to the farmers who couldn't pay their debts in Athens in the seventh century BC?
The were sold as slaves to other cities to pay for the debt.
Why did growing cotton after the civil war send many southern farmers into debt?
Because they had to pay people to harvest it
Why were many African American farmers caught in a condition of debt and peonage?
They did not have enough money to pay for supplies from the company store.
Why were many African-American farmers caught in a condition of debt peonage?
They did not have enough money to pay for supplies from the company store.
