Question

Which of the following farming practices contributed to the economic downturn? Select the two correct answers.

(1 point)
Responses

Many farmers mortgaged their farms to buy more land.

Many farmers mortgaged their farms to buy more land.

Many farmers sold their land and farming equipment.

Many farmers sold their land and farming equipment.

Many farmers charged high prices for their crops.

Many farmers charged high prices for their crops.

Many farmers borrowed money against the profits of future crops.

Many farmers borrowed money against the profits of future crops.

Many farmers took advantage of generous government policies.

Many farmers took advantage of generous government policies.
Skip to navigation

Answer 1

- Many farmers mortgaged their farms to buy more land.
- Many farmers borrowed money against the profits of future crops.

Explanation: Both represent heavy use of credit/borrowing. When crop prices fell and droughts/hard times came, farmers couldn’t repay loans, leading to foreclosures, reduced farm spending, and wider economic distress.