The correct answer B) farmers couldn’t repay their loans.
<em>In the 1920s many rural Banks failed because farmers couldn’t repay their loans.
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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.
Quebec was founded in 1608 by a guy named Samuel de Champlain. Some other towns had been added before Quebec, but Quebec was the first town that was meant to be a permanent settlement, and not just a simple trading post that was to be taken down after a few years of use.
Reflecting the natural rights philosophy, the Declaration of Independence stated that governments derive their powers from the "consent of the governed". This mentality was one of the cornerstones of the Enlightenment era.
