Question

Quantitative analysis of relevant data show that economic problems for farmers in the last half of the 19th century included?

Answer 1

Quantitative analysis of relevant data depict  that economic issues for farmers in the last half of the 19th century include a decline in agricultural product prices relative to other prices, growing real interest rates escalating costs for consumer items, and an increase in farm equipment costs.

Farmers claimed that as farm prices declined, their earnings also decreased likewise. Typically, they attributed low pricing to overproduction. Second, farmers claimed that grain elevators and railways with monopolies imposed unfair rates on their services.

The price of borrowing money increases as interest rates rise. Consumers and companies pay more when buying goods and services. Food consumption and the prices farmers get have been restricted by rising unemployment rates and tighter family budgets.

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