What was happening to farmers who could not pay ther debts?

Answer 1

Farmers who could not pay their debts often faced severe consequences, including loss of their land and assets through foreclosure. Many were forced to declare bankruptcy or sell their livestock and equipment to settle their obligations. This financial stress contributed to widespread rural poverty and instability, leading to protests and movements advocating for debt relief and agricultural reform. In some historical contexts, such as during the Great Depression or the 1930s farm crisis, these challenges prompted significant government intervention and assistance programs.