In the late 1800's deflation caused farmers to suffer as the fall in crop prices reduced their income and thus their ability to pay off their debts.

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During the late 1800s, deflation led to lower prices for crops. Since farmers' incomes were largely dependent on the prices of their crops, this decrease meant they earned less money. Consequently, with reduced income, farmers found it more challenging to pay off their debts, which were often fixed in amount and did not decrease with the falling prices.

In the Late 1800's Deflation Caused Farmers to Suffer as the Fall