Which are ways american farming changed in the late 1800s? choose all answers that are correct. a. dependence on railroads and banks b. less competition from foreign countries c. more varieties of crops grown on each farm d. new equipment for farming larger farms

During the late 1800s new ways of American farming improved thanks to the development in farm technology and machinery. An example was the replacement of the horse power which was used to plough the land by the steam tractor (option d) that allowed farmers to introduce a great variety of crops and wheats (option c). Besides, the railroad system made possible the transportation and commercialization of goods from the country to the cities (option a). Banks also played an important role during the those years, since they provided farmers with loans for future investments (option a).

when a country suffers, for example, a drought period, the market product is affected for a low offer, in this case, potatoes; the government has to tax to the households, which have to give more money for the potatoes which they consume, that situation make them consume substitute goods even through loans, it could increase the financial market movement and the inflationary phenomena, the business has to increase salaries in order to the employees could buy a more expensive food (potatoes) and in order to inflation tha business had to buy expensive supplies in the factor market, while the rest of the world have to gain more money to consume the same amount of potatoes.

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