bethanyrose32 bethanyrose32
  • 07-10-2020
  • History
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why did the farmers have a problem with banks

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smerr1507 smerr1507
  • 07-10-2020

Answer:

A major problem faced by American farmers was mortgage foreclosure. Unable to make the monthly payments, many farmers were losing their property to their banks. The Frazier-Lemke Farm Bankruptcy Act allowed any farmer to buy back a lost farm at a law price over six years at only one percent interest.

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