Which of the following was true of American farmers in the late nineteenth century?

A) They enjoyed a great deal of economic power because they were primarily creditors.
B) They believed that overproduction was the cause of their economic decline.
C) They were not affected by the amount of money in circulation because they had very few fixed costs.
D) They concluded that an inadequate amount of money in circulation made their debts more burdensome.

American Farmers

Individuals in the United States engaged in agriculture, contributing to food production and the rural economy.

Economic Power

The ability of an entity, whether a country, organization, or individual, to influence or control economic activities, markets, and resources, often correlating with wealth and production capabilities.

Overproduction

A situation where more goods are produced than can be sold, often leading to economic downturns or depressions.