In what way did boom times in America negatively affect farmers? Farmers were forced to spend too much money. Farmers bought items on credit, then couldn't pay loans when the busts came. Farmers did not have access to new products due to high demand. Farmers could not keep up with higher production to fill the demand.

Question

India Mcgrath

English

30 March, 19:01

In what way did boom times in America negatively affect farmers? Farmers were forced to spend too much money. Farmers bought items on credit, then couldn't pay loans when the busts came. Farmers did not have access to new products due to high demand. Farmers could not keep up with higher production to fill the demand.

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Answers (2)

Know the Answer?

Mara Yang · Answer 1

Answer:Farmers did not have access to new products due to high demand.

Beau Erickson · Answer 2

Farmers bought items on credit, then couldn't pay loans when the busts came.

Explanation:

Prior to the crash of 1929, the country seemed to be experiencing a boom. The economy was successful and people were mostly positive. Farmers believed that things would continue to be as positive as they had been so far, and this gave them the confidence to buy items on credit. However, after this boom, a bust came, and farmers lost most of their money. This dramatic turn of events meant that farmers were unable to repay the loans they had previously acquired.