The main economic challenge faced by American farmers in the late 19th century is "growing debts."
- This is evident in the fact that other problems are affecting the farmers which combined to make them have a huge loss in their ventures.
Some of the problems affecting farmers to have growing debts include:
- overproduction, low crop prices, high-interest rates, high transportation costs, among others.
- The effect of growing debts among farmers during this period led them to agitate for income tax; government control of the railroad, 16-1 Silver-Gold Coinage, formation of the Populist party, among others.
Hence, in this case, the main economic challenge faced by American farmers in the late 19th century is "growing debts."
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