Question

How did increased property foreclosures affect people during the Dust Bowl?(2 points) Responses A growing number of farmers worked together to collectively buy land for planting. A growing number of farmers worked together to collectively buy land for planting. Fewer eastern banks bought the notes for farms located in drought-stricken areas. Fewer eastern banks bought the notes for farms located in drought-stricken areas. Thousands of tenant farmers and sharecroppers were displaced from their land. Thousands of tenant farmers and sharecroppers were displaced from their land. Many large financial institutions failed while local banks remained in business. Many large financial institutions failed while local banks remained in business.

Answer 1

During the Dust Bowl, increased property foreclosures primarily resulted in the following effects:

1. Fewer eastern banks bought the notes for farms located in drought-stricken areas. - As farmers struggled to make payments due to the severe drought and resultant crop failures, many eastern banks became wary of investing in these areas, leading to fewer loans being approved. This made it difficult for farmers to sustain their operations.

2. Thousands of tenant farmers and sharecroppers were displaced from their land. - Many tenant farmers and sharecroppers faced eviction as landlords could not afford to maintain their properties or were forced into foreclosure themselves. This displacement contributed to widespread hardship and increased migration, particularly to areas like California in search of work and better living conditions.

These points illustrate the significant social and economic impacts of increased foreclosures during the Dust Bowl era.