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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.

1 answer

The two farming practices that contributed to the economic downturn are:

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

These practices increased their debt and financial risk, leading to economic difficulties when prices fell or crops failed.