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Why did many farmers go into debt in the late 1800's
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Why did many farmers go into debt in the late 1800's

User Abel Mekonnen
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Many farmers believed that interest rates were too high because of monopolistic lenders, and the money supply was inadequate, producing deflation.
User Dominic Cotton
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17 votes
Many farmers went into debt into the late 1800’s because they took out loans on the value of their farms to pay the increased cost for new machines and supplies.
User Leppert
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