Asked by anon
Which of the following farming practices contributed to the economic downturn? Select the two correct answers.(1 point)ResponsesMany 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.
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- Many farmers mortgaged their farms to buy more land.
- Many farmers borrowed money against the profits of future crops.
Both increased farmers' debt and left them unable to pay loans when crop prices fell, amplifying foreclosures and the broader economic downturn.
- Many farmers borrowed money against the profits of future crops.
Both increased farmers' debt and left them unable to pay loans when crop prices fell, amplifying foreclosures and the broader economic downturn.
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