1983 Dbq

Topics: Money, Currency, Money supply Pages: 3 (1167 words) Published: March 4, 2007
Farmers everywhere in the United States during the late nineteenth century had valid reasons to complaint against the economy because the farmers were constantly being taken advantage of by the railroad companies and banks. All farmers faced similar problems and for one thing, farmers were starting to become a minority within the American society. In the late nineteenth century, industrialization was in the spotlight creating big businesses and capitals. The success of industrialization put agriculture and farmers on the down low, allowing the corporations to overtake the farmers. Since the government itself; such as the Republican Party was also pro-business during this time, they could have cared less about the farmers.

Knowing the fact that industrialization had been really successful during this time, allowed farmers to modernize their techniques. Farmers began to use new farming machinery such as the thresher and reaper, which made the growing of wheat much faster and efficient. However since these tools were too expensive to buy, farmers went to the banks to borrow money. Banks in turn would take advantage of the naïve farmers and raise the interest rates. This would cause the farmers to fall into debt because they would still take the loan from the bank and thought that they would be able to pay them back from their crop profit. Farmers were suffering losses year after year and were forced to have their mortgages foreclosed on, as they saw it, by their Eastern Master. Eventually farmers became the slaves to the Easter Master who ended up taking away everything the farmers had owned. (Doc. D) The complaint of farmers is absolutely valid because the bankers were doing unjust to the farmers. Bankers would let them fall into debt through their high interest rates and then seize everything they owned in court.

Just like the bank, railroad companies also scammed the farmers. The railroads regularly used rebates and drawbacks to help win the business of...
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