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Debt-ridden farmers founded these two parties in the late 1800s?
the populist and greenback
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
Why did farmers in the 1800s find it so difficult to get out of debt?
the shortage of money coupled with high prices for seed and equipment
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.
What is true of American farms in the 1800s?
next time put 1880s
How did the deflation or decrease in the money supply in the late 1800s affect farmers?
Labor unrest and violence engulfed the nation. Most farmers of the late 1800s were debtors, meaning they owed money. These farmers were hurt by deflation because it meant that their debt must be paid in money worth more than the money borrowed.
What did farmers support bimetallism in the 1800s?
Farmers supported bimetallism in the 1800s because they believed it would increase the money supply by allowing both gold and silver to back currency. This expansion of the money supply was seen as beneficial for increasing prices for their crops, which had been suffering due to deflation and debt. By advocating for bimetallism, farmers hoped to alleviate their financial burdens and stimulate economic growth in rural areas. Ultimately, they viewed it as a way to gain more favorable economic conditions and better their livelihoods.
Shays rebellion was cause by this problem?
Shays Rebellion was caused by foreclosures on farmers properties.
How did economic depression lead to Shay's rebellion?
The U.S. had owed debt to England, causing them to tax farmers. Increasing on land taxes.
Why were farmers in debt?
Farmers were in debt because they were paid little amount of money.
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
