<span>Cattle farming was too expensive, so many farmers moved out to the Plains for </span><span>crop farming. There they had trouble with high interest in the banks, unfair </span><span>railroad fees, and overproduction from other farmers.
</span>The major problem faced by the farmer after the civil war
is the increase in the agricultural prices. This resulted to the
creation of the Farmer's Alliance to negotiate for lower amount. The
second problem is the expensive use of trains for transporting goods
that led to advocates to make railroads under public ownership. Another
one is the end of slavery wherein the rate of hiring slaves becomes
extremely high.
Given:
Principal amount = 5,000
interest rate = 6.25%
number of times the interest is compounded per year; 12 times, monthly
terms = number of years; 5 years, 60 months
A = P (1 + r/n)^nt
A = 5,000 (1 + .0625/12)^12*5
A = 5,000 (1 + 0.005)⁶⁰
A = 5,000 (1.35)
A = 6,750
6,750 / 60 months = 112.50 per month
Answer:
Yes, the earlier popular beliefs changed.
Explanation:
The Great Depression was a result of the nonintervention of the government in the economic treats. More than that, the 1920s made everyone understand that overproduction is not the answer and that the government has the duty to inspect what is happening in economics. To care about the production of goods and to maintain the health of economics.
Paine connected independence with common dissenting Protestant beliefs as a means to present a distinctly American political identity and structured Common Sense as if it were a sermon. Historian Gordon S. Wood described Common Sense as "the most incendiary and popular pamphlet of the entire revolutionary era."
