How were farmers affected by the Great Depression?

In the early 1930s prices dropped so low that many farmers went bankrupt and lost their farms. In some cases, the price of a bushel of corn fell to just eight or ten cents. Some farm families began burning corn rather than coal in their stoves because corn was cheaper.

What were some of the problems that farmers faced during the Depression?

Farmers who had borrowed money to expand during the boom couldn’t pay their debts. As farms became less valuable, land prices fell, too, and farms were often worth less than their owners owed to the bank. Farmers across the country lost their farms as banks foreclosed on mortgages.

How were farmers affected by the Great Depression quizlet?

Farmers had planted more and taken out loans for land and equipment. Demand fell after the war, and crop prices declined by 40 percent or more. Farmers boosted production in the hopes of selling more crops, but this only depressed prices further.

Which best explains why farmers in the Great Depression?

Which best explains why farmers in the Great Depression could not repay their loans? The price of crops was too high.

Why were farmers struggling and losing their farms during the 1920s?

With heavy debts to pay and improved farming practices and equipment making it easier to work more land, farmers found it hard to reduce production. The resulting large surpluses caused farm prices to plummet. From 1919 to 1920, corn tumbled from $1.30 per bushel to forty-seven cents, a drop of more than 63 percent.

How many farmers lost their farms during the Great Depression?

Nevertheless, some 750,000 farms were lost between 1930 and 1935 through bankruptcy and foreclosure.

What problems did farmers face in the 1920s?

What problems did farmers face in the 1920s? The demand for food dropped, so farmers’ incomes went down. They could not afford payments on their farms, so they lost their land.

Why were farmers hit hard at the onset of the Great Depression?

When farmers were not making money, they could not buy the products that factories were making. When factories couldn’t sell their products, they laid off their workers. The workers could not buy the factory output either, meaning more lay-offs, and the country fell into a downward spiral.

What did farmers do during the Great Depression to survive?

Although it wasn’t easy, many farmers were able to survive during the Great Depression. They managed to grow and sell enough crops to pay their mortgages and keep their farms. These farmers were usually located in areas of the country that weren’t hit by drought and dust storms.

What kind of problems did farmers face?

Several basic factors were involved-soil exhaustion, the vagaries of nature, overproduction of staple crops, decline in self-sufficiency, and lack of adequate legislative protection and aid.

What were the social problems faced by the farmers?

Many attributed their problems to discriminatory railroad rates, monopoly prices charged for farm machinery and fertilizer, an oppressively high tariff, an unfair tax structure, an inflexible banking system, political corruption, corporations that bought up huge tracks of land.

How did the stock market crash affect farmers?

Jobs were hard to find. Farmers and rural residents felt the stock market crash as well – people and companies that used to buy food and other agricultural products no longer had the money to buy much of anything.

What did farmers and homeowners have in common during the Great Depression?

1 Answer. Joey P. One thing that farmers and homeowners had in common is that the one thing that they had invested a lot of money and time into was dropping in price.

What problems did farmers face after WW1?

What problem did farmers face following World War I? a surplus of crops because of new farm equipment and a decreased demand for food after WW1 so farmers couldn’t pay off their crops because so much food wasnt need.

Why were farmers forced to leave their homes during the Dust Bowl quizlet?

Farmers believed that California would have better jobs. Many farmers were forced to abandon their farms after going into debt. Farmers did not want to work as tenants for commercial farms.

Why did farmers in the 1930s often fall behind on their tax payments?

Why did farmers in the 1930s often fall behind on their tax payments? They had very little money. In the 1920s, many rural banks failed because.. farmers could not repay their loans.

What major event triggered the Great Depression?

What were the major causes of the Great Depression? Among the suggested causes of the Great Depression are: the stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; government policies; bank failures and panics; and the collapse of the money supply.