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Farmers often went into debt due to a combination of factors, including fluctuating commodity prices, rising costs for equipment and supplies, and the need for capital to invest in land and technology. Poor weather conditions and crop failures could also severely impact their income, forcing them to borrow to cover expenses. Additionally, aggressive lending practices and high interest rates from banks and lenders exacerbated their financial struggles. This cycle of debt made it difficult for many farmers to achieve financial stability.
What else can I help you with?
Why were farmers in debt?
Farmers were in debt because they were paid little amount of money.
Who led rebellion of debt-ridden farmers?
shays rebellion
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.
Farmers thought that the quickest way to repay debt was to grow?
the quickest way to for farmers to repay that dept: cash crops
What was the quickest way for farmers to repay debt?
Sell their crop and pay with the money they earned from the selling.
Why were farmers in debt?
Farmers were in debt because they were paid little amount of money.
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.
Which is true of American farmers in the e 1880s?
New technology helped send farmers into debt
Why were farmers always in debt?
They had to buy supplies by borrowing money
What was the situation of farmers in the 1920s?
Demands for crops fell as farmers debt rose.
Taxes and this led to farmers rebellion?
Debt
What is true of American farmers in 1880?
New technology helped send farmers into debt
Which crop allowed farmers to sell in large amounts?
debt
Who led rebellion of debt-ridden farmers?
shays rebellion
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.
Which two parties were founded by debt-ridden farmers in the late 1800s?
The debt-ridden farmers found the populist and greenback parties back in the late 1800's
What happen after the civil war to the farmers debt?
After the Civil War, the farmers debt increased. The reason for this is because the crop prices went way too low.
