Question

Causes and Effects Suppose that in the 1870s, farmers had found an additional new market for their supplies. Would this have been likely to drive prices up or down? Why?

Answer 1

in the 1870s, if the farmers found an additional new market for their supplies, it depends that it may have driven the prices high or low depending on the factors which are linked up with the price rate of the goods.

Most of the problems the farmers were facing in the 1870s were: First,  just because of the prices for the goods were impacting their incomes, which is generally blamed for overproduction, and the second reason for unfair prices was monopolistic railroads and grain elevators, there were uneven numbers, and interest rates were too high for the monopolistic lenders, the farmers faced the burden of debt because of the falling price. The farmers demanded good deals on, public boards, interest rates, and in the money supply.

They complained  the problems they were facing were because of the political influence of big business, railroads, and money leaders even influencing policymaking in the U.S. Congress and State legislatures .

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