Question

Following the Civil War, what effect did the decline in agricultural prices have upon farmers in the West? It hurt them by increasing the value of their mortgages. O It helped them by lowering the prices of manufactured goods. It hurt them by reducing the money they had to pay back loans. O It helped them by creating greater demand for their crops.​

Answer 1

Answer:

It hurt them by reducing the money they had to pay back loans.

Explanation:

After the civil war, the West region found itself in a great expansion and attracted many independent farmers who saw that land as an opportunity to grow economically. However, the war caused a sharp drop in the prices of agricultural products, causing these farms to spend more money than they profited from their farms, which ended up generating debts that were accumulating more and more.