Question

In the mid-1800s, farmers were able to buy farm machinery and other goods on credit. The farmers would have to promise to pay their loan back with interest. Using credit, farmers were able to get the machinery they needed to produce more goods.

What was a disadvantage of paying with credit?

Answer 1

The farmer had to pay more in the end due to interest.
Other citizens looked down on the farmers using credit.
The farmer had a longer period of time to pay off the loan.
A farmer had to pay the product's whole cost all at one time.

Answer 2

Those are the answer choices

Answer 3

@ankit042 @uri @iGreen

Answer 4

please help me:)

Answer 5

I don't know the answer sorry. Maybe ask @cutiepie15 .

Answer 6

here to help

Answer 7

One benefit of moving the Farm Aid concert around the country each year is getting to know the farmers in a particular state or region. This year, we are thrilled to be celebrating North Carolina's innovative family farmers and the agricultural renaissance they are leading.

What's so special about North Carolina and the family farmers who steward its lands?

To answer that question, we have to flip back through the pages of history to colonial America, when a plant named Nicotiana tabacum – tobacco – reigned supreme. You could even say that tobacco put North Carolina on the map. But it's the work of North Carolina's tobacco farmers and their transition to new crops and enterprises in the post-tobacco era that really makes the Tar Heel State shine.

From Colonial Cash Crop...