Question

In the 1920s, many rural banks failed because

Answer 1

Answer:

B farmers could not repay their loans.

Explanation:

Answer 2

The correct answer B) farmers couldn’t repay their loans.

In the 1920s many rural Banks failed because farmers couldn’t repay their loans.

Historians establish that almost 600 Banks failed between 1921 to 1929. Most of them were small, rural Banks. But farmers in America had less money every day to pay their debts. There were problems in the farm fields and crops were not producing at their best. Farmers did not have enough money to repay their loans and Banks had no ways to get their money back.