How did the 1980’s recession affect United States farmers?
A)> Since the population was rising, the demand for American farm products was high and family farms prospered.
B)> Demand for farm products decreased while interest rates for loans increased. Many farmers were unable to pay their loans, forcing them to leave or sell their farm.
C)> The recession did not impact farmers, only those living and working in urban areas.
D)> The demand for farm products increased significantly and many farms expanded.
My Answer is B)
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https://www.google.com/search?q=How+did+the+1980%E2%80%99s+recession+affect+United+States+farmers%3F&oq=How+did+the+1980%E2%80%99s+recession+affect+United+States+farmers%3F&aqs=chrome..69i57j69i60.1572j0j7&sourceid=chrome&ie=UTF-8
IT MADE ME THINK ITS B) IS B) CORRECT TEACH
Yes, B.
You are correct. The correct answer is B) Demand for farm products decreased while interest rates for loans increased. Many farmers were unable to pay their loans, forcing them to leave or sell their farm.
To arrive at this answer, you need to understand the impact of the 1980's recession on United States farmers. During this period, the United States experienced a severe economic downturn, which led to a decrease in demand for farm products. This decrease in demand, coupled with high interest rates for loans, made it difficult for farmers to repay their debts. As a result, many farmers were forced to leave their farms or sell their land.
Knowing the historical context and understanding the economic factors that affected farmers during this recession can help you arrive at the correct answer.