4 years ago

Why did creditors foreclose on so many farms during the depression?

2 answers:

7 0

Many farmers borrowed money from banks using the equity in their property and equipment. Many of these loans were designed to cash in on the expansion of demand in the market. The Great Depression caused the markets to collapse and the banks foreclosed on the property for unpaid debt.

Georgia [21]4 years ago

4 0

Many farmers borrowed money from the bank to buy equipment so when the depression started they could not pay back the money causing the banks to take the land.

You might be interested in

What new tactics did Alice Paul use to gain attention to the women’s suffrage movement? Check all that apply.

Montano1993 [528]

Picketing at the White House

6 0

3 years ago

Read 2 more answers

What estates did philip iv include in the first french parliament?

bixtya [17]

What estates did Philip IV include in the first French Parliament? In the first French Parliament, Philip IV included clergy, nobles, townspeople, and peasants. It was called the Estates-General.

5 0

4 years ago

Where did Washington and his troops winter and train during the 1777-78 winter months?

Andrew [12]

The military camp was called Valley Forge.

4 0

3 years ago

The creation of independent city-states in ancient greece can be mostly directly attributed to the?

Liula [17]

Geography. Greece has a mountainous terrain, creating isolated city states with little to no communication through the mountains.

5 0

3 years ago

What did thomas paine write and what did it suggest?

Svetllana [295]

Thomas Paine wrote "Common Sense." It talked about the British Government and the Royal Monarchy.

7 0

3 years ago