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Which best explains why farmers in the great depression could not repay their loans?
History, 22.06.2019 09:30
The service industry in the united states grew in the late 1800s. what was one effect of that growth? the number of people with jobs in factories as unskilled workers decreased. the number of people with jobs in factories as unskilled workers increased. the middle class grew as people took jobs as clerks, lawyers, and teachers. the middle class shrank as people left jobs as clerks, lawyers, and teachers.
PDF The Great Depression Lesson 2 – What Do People Say? – (Answers will vary. Students may say that farmers could not sell their crops or farmers could not repay their loans.) • World War I made it impossible for many European farmers to grow and sell their crops. As a result, U.S. farmers saw a large increase in the demand for their crops. Many U.S. farmers took out loans to expand their operationsCauses of the Great Depression ¨ American farmers—who represented one-quarter of the economy—were already in an economic depression during the 1920s, which made it difficult for them to take part in the consumer buying spree. ¤ Farmers had expanded their output during World War I, when demand for farmFarm Families and the Great Depression. Farm families were often better suited to weather hard times than town residents. Farmers could grow their own food in large gardens and raise livestock to provide meat. Chickens supplied both meat and eggs, while dairy cows produced milk and cream.
PDF THE GREAT DEPRESSION – Database of K-12 Resources – Unable to repay these debts, the Allies looked to reparations from Germany and Austria to help. The economies of those countries, however, were struggling badly, and they could not pay their reparations, despite the loans that the U.S. provided to assist with their payments.farmers could not repay their loans. Which statement best explains how farming affected the economic slowdown that led to the Great Depression? Even though prices and demand were falling, production increased.During the Great Depression, many banks could not or would not borrow from the Federal Reserve because they either lacked acceptable collateral or did not belong to the Federal Reserve System. Starting in 1930, a series of banking panics rocked the U.S. financial system.
Great Depression and the Dust Bowl | IDCA – The statement that best explains why farmers in the great depression could not repay their loans is because the price of crops was too low. During the Great Depression, it was the farmers that suffered so much. Hope this answer helps. Answer from: jakhunter354The government did not get involved and let people handle it themselves, there was no dependence on the government. There were so many people that could not repay their loans. Banks failed because the loans could not be paid back. Factories and farms produced way too much product and people could not buy any of it.Why were farmers losing money during 1920's and 1930's? Europe was not buying food after WW1 so farmers lose money.They Dust Bowl buried all the good soil so farmers could not plant crops. If you can not plant crops, then you could not sell any food which made you lose money. What hardships did families face during the depression?