USA HISTORY

Detailed explanation-1: -Thus, farmer indebtedness began to rise, and many lost their land or were threatened with foreclosure. They bristled against the inequality that defined their financial straits and seeming powerlessness while industrialists and bankers were growing incredibly wealthy and powerful.

Detailed explanation-2: -Farmers believed that interest rates were too high because of monopolistic lenders, and the money supply was inadequate, producing deflation. A falling price level increased the real burden of debt, as farmers repaid loans with dollars worth significantly more than those they had borrowed.

Detailed explanation-3: -The few wealthy controlled most of the wealth in the United States during this time. During the Gilded Age, the economic disparities between the workers and big business owners grew exponentially. Workers continued to endure low wages and dangerous working conditions in order to make a living.

Detailed explanation-4: -Most cities were unprepared for rapid population growth. Housing was limited, and tenements and slums sprung up nationwide. Heating, lighting, sanitation and medical care were poor or nonexistent, and millions died from preventable disease. Many immigrants were unskilled and willing to work long hours for little pay.