Why were farmers in debt and small banks in crisis during the Great Depression? O. Interest rates rose. O Interest rates fell. O No one wanted a loan. O Customers defaulted on their loans.

History

Question
Why were farmers in debt and small banks in crisis during the Great Depression?
O. Interest rates rose.
O Interest rates fell.
O No one wanted a loan.
O Customers defaulted on their loans.
Answer

Customers defaulted on their loans.

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During the Great Depression, many farmers were unable to pay back their loans due to falling crop prices and drought conditions. As a result, small banks...
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