In the mid-1800s, farmers were able to buy farm machinery and other goods on credit. The farmers would have to promise to pay th

Question

3 years ago

6

In the mid-1800s, farmers were able to buy farm machinery and other goods on credit. The farmers would have to promise to pay th

eir loan back with interest. Using credit, farmers were able to get the machinery they needed to produce more goods. What was a disadvantage of paying with credit?

History

1 answer:

Volgvan · Answer 1 · 2022-03-23T07:47:29+03:00

Volgvan3 years ago

5 0

Answer:

The farmer had to pay more in the end due to interest.