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Now, with the high prices, farmers were forced to grow single "cash" crops like wheat or corn, and use their profits to buy other necessities at the general store.
There was also an overproduction of products. This led to lower prices and less money for the farmers. Document E gives a clear example of the results of overproduction and no demand. The low prices and deflated currency frustrated the farmers greatly, and the price of interest was so high so they had to carefully watch their debt.
Monopolies formed all over the country in steel, oil, and railroad companies. These big businesses made it very difficult for other businesses to prosper in the same field...
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