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What was the quickest way for farmers to repay debt?
Sell their crop and pay with the money they earned from the selling.
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.
How can you help fix your debt problems?
There are a number of ways to fix your debt problems. You could consolidate all of your payments into just one payment. You could get a second job, or even sell things to pay off your debt.
What is the purpose of debt free consolidation?
The purpose of debt consolidation is to become debt free. One could merge all debts into one, and pay one monthly amount. This helps pay off all debt much quicker. Speak to someone at a financial institution about this option.
What is refinancing and what does it do?
Refinancing according to wikipedia is revising payment schedule for repaying a debt. This is beneficial because it could cut down on the amount of time it take to pay off a debt and decrease the amount of interest one might pay.
How did the farmers get themselves into enormous amount debt in the 1800's?
Many farmers borrowed large amounts of money to pay for farming equipment and to pay for the land.
What happened to farmers who couldn't pay their debts in Athens in the sevenths century B.c?
They were sold into foreign slavery to pay for the debt. It was part of Solon's reforms in the early sixth century to cancel debts and recover these people where possible.
Why did the populist party support free silver?
yes, it did they are the ones that wanted it to happen. the populist party was made up of farmers and farmers wanted it so they could pay of their debt
Why did sharecroppers stay in debt?
Because they could not pay to get out of debt. It was not by choice.
What was the quickest way for farmers to repay debt?
Sell their crop and pay with the money they earned from the selling.
What happen to the farmers who couldn't pay their debts in Athens in the seventh century BC?
The were sold as slaves to other cities to pay for the debt.
Why did growing cotton after the civil war send many southern farmers into debt?
Because they had to pay people to harvest it
Why were many African-American farmers caught in a condition of debt peonage?
They did not have enough money to pay for supplies from the company store.
Why were many African American farmers caught in a condition of debt and peonage?
They did not have enough money to pay for supplies from the company store.
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 happenened to farmers during the 1920s?
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.
What happened to the farmers who couldn't pay their debts in Athens in the seventh century BC?
The were sold as slaves to other cities to pay for the debt.
