What economic problem most directly affected many farmers during the Gilded Age?
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Correct answer: Falling crop prices and rising debt
Many farmers faced declining crop prices because of overproduction and global competition. At the same time, they often carried heavy debts for land, equipment, and supplies.
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More Populism and Farmers' Movements questions
- Why did many farmers criticize railroad companies in the late nineteenth century?
- What was the Grange originally created to support?
- Which reform did many farmers support to control railroad abuses?
- What were Granger laws?
- Which Supreme Court case upheld state regulation of grain elevator rates and supported early Granger reform?
- Which 1887 federal law created the Interstate Commerce Commission to regulate railroads?