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?
A.
A farmer had to pay the product's whole cost all at one time.
B.
Other citizens looked down on the farmers using credit.
C.
The farmer had a longer period of time to pay off the loan.
D.
The farmer had to pay more in the end due to interest.
Answers: 1
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In the mid-1800s, farmers were able to buy farm machinery and other goods on credit. The farmers wou...
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