Final answer:
The decline in the price of tobacco to half a penny per pound was one of the causes of Nathaniel Bacon-led rebellion.
Step-by-step explanation:
The causes of Nathaniel Bacon-led rebellion were multifaceted. One of the key factors was the decline in the price of tobacco. The price fell to half a penny per pound, while tobacco farmers needed a higher price per pound to break even. This decline in tobacco prices created financial hardship for the farmers, contributing to the dissatisfaction and resentment that fueled the rebellion.
The price of tobacco fell to 1/2 a penny per pound, whereas "1 penny" per pound was needed for tobacco farmers to break even. The economic hardship faced by tobacco farmers, among other grievances, contributed to the causes of the Nathaniel Bacon-led rebellion, known as Bacon's Rebellion, which occurred in colonial Virginia in 1676.