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78
What was the "Eastern bank monopoly"? Why was there no such thing?
farmers thought they were conspiring to charge them higher interest rates for lending. Farmer's debt was increasing due to increased purchases of land and capital.
Rates are inherently higher for farmers b/c there is more chance of default.
Rates are inherently higher for farmers b/c there is more chance of default.
Flashcard info:
Author: savhighsmith
Main topic: Business Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 15.09.2010