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Questions and Answers
What was the primary reason for the declining prices of agricultural products during the latter half of the nineteenth century?
What was the primary reason for the declining prices of agricultural products during the latter half of the nineteenth century?
- Decreased demand for agricultural products
- Lack of government subsidies for farmers
- Increased competition from foreign markets
- Overproduction due to mechanization of agriculture (correct)
What was the main cause of farmer indebtedness during the latter half of the nineteenth century?
What was the main cause of farmer indebtedness during the latter half of the nineteenth century?
- The high interest rates they paid on loans (correct)
- Changing supply and demand in the market
- Real and perceived unfair business practices
- The costs of modernizing their equipment
Who did farmers primarily blame for their financial struggles during the latter half of the nineteenth century?
Who did farmers primarily blame for their financial struggles during the latter half of the nineteenth century?
- Foreign markets
- Industrialists and bankers (correct)
- Government subsidies for other industries
- Immigrants and Jews
