The correct answer is C) The interest rates on home loans ballooned and families could no longer afford payments.
During the Depression, foreclosure rates skyrocketed. The main cause was that interest rates on home loans ballooned and families could no longer afford payments.
After the United States stock market crash of October 1929, many economic problems started in the country. It was called the Great Depression. People lost their jobs, companies closed, and banks went into bankruptcy. The federal government did not do much to help the citizens and this was a period of hunger, depression, poverty, and sadness. People lost their homes too because interest rates on home loans increased so much and families could no longer afford payments.
The programs focused on what historians refer to as the "3 Rs": relief for the unemployed and poor, recovery of the economy back to normal levels, and reform of the financial system to prevent a repeat depression.
In his farewell Presidential address, George Washington advised American citizens to view themselves as a cohesive unit and avoid political parties and issued a special warning to be wary of attachments and entanglements with other nations.
Explanation : the letter A. Wheat because they’re most staple one was barley but they grew lots of bread and beer which have WHEAT therefore A. Is the answer.
