New technology helped send farmers into debt
Demands for crops fell as farmers debt rose.
Debt
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.
They had to borrow money to buy seed, fertilizer, and equipment.
Farmers were in debt because they were paid little amount of money.
New technology helped send farmers into debt
Demands for crops fell as farmers debt rose.
Debt
New technology helped send farmers into debt
debt
shays rebellion
The debt-ridden farmers found the populist and greenback parties back in the late 1800's
they thought inflation would help them out of debt. many farmers were caught in a cycle of constant debt.
Most Greeks and Romans were farmers, both were in debt thus gaining independent farmers.
the quickest way to for farmers to repay that dept: cash crops
Farmers that could not pay their debts, the amount of land they had was used to paythem off.