Study The Great Depression Topic Test Flashcards

Page 51 Thomas Ladenburg, copyright, 1974, 1998, 2001, 2007 t.ladenburg@verizon.net Chapter 12 The Farmer and the Depression id you know that in 1933, when millions of Americans could not afford to buy meat the U.S.Desperate bankers called in their loans, but farmers had no money to pay them and foreclosures and bankruptcy sales became daily events. These sales sometimes brought out the best in neighbors, as in a 1931 bank foreclosure auction for the property of a family in Madison County, Neb.The 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?trombonegoddess16 B. Farmers could not pay taxes or repay money they had borrowed. This happened due to the fact that they had taken out loans to buy tractors and farm equipment, but once the banks failed, they had no way to pay this off.

U.S. Farmers During the Great Depression - Farm Collector

Farmers suffered tremendously during the Great Depression, which actually began in the farming sector long before anywhere else. Falling farm prices meant that many farmers could no longer affordFarmers pledged their assets as security on the loan. So if a farmer couldn't make the payments on a loan for land, the bank could take back the asset - the land - and sell it to get back their money. In the 1920s, many loans were written when land values and crop prices were high.Millions of farmers defaulted on their debts, placing tremendous pressure on the banking system. Between 1920 and 1929, more than 5,000 of the country's 30,000 banks failed. Because of the banking crisis, thousands of small businesspeople failed because they could not secure loans.The personality traits of successful farmers may contribute to proneness for depression. These traits include: willingness to take risks, very high conscientiousness about work, great capacity to persevere in the face of adversity and self-reliance.

Joshua_Guberman_-_Great_Depression.pdf - Black Tuesday the

Farm 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.When interest rates and tariffs increased, the U.S. was unable to make new loans to Europe, and Europe, in turn, could not repay earlier loans. Second, the Smoot-Hawley Tariff Act, which was theIn rural areas, farmers suffered still more. In some parts of the country, prices for crops dropped so precipitously that farmers could not earn enough to pay their mortgages, losing their farms to foreclosure. In the Great Plains, one of the worst droughts in history left the land barren and unfit for growing even minimal food to live on.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.Causes 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 farm

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Which of these components led to the palmer raids? test all that practice. real evidence of a communist plot fear of communists, socialists, and anarchists anti-immigrant feelings laws towards espionage and sedition fear on account of bombings and violence

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