MAKING OF A NEW NATION 1776 1800
SHAYS REBELLION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a slow down in the trading of goods with the west indies
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not being able to settle in appalachia
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Either A or B
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None of the above
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Detailed explanation-1: -It was difficult for farmers to get out of debt because they had to plant a lot of crops and so the price of their crops went down and this made them in debt. They had to take loans and sometimes the loans made them pay large interest rates which also put them in debt.
Detailed explanation-2: -Interest-free loan or loan at the lowest rate can help him. Seeds, fertilizers and pesticides can also be provided to him on subsidised rate. Was this answer helpful?
Detailed explanation-3: -The small farmers often borrow money from money lenders. In return they are often forced to sell their produce to the money lenders at a price which is less than market price. Moreover small farmers find it difficult to avail bank loans. These reasons cause the farmers to fall into debt trap.