In the 1920s, many small farmers lost their farms due to crop failures and debts. what was a long-term effect of the lost farms? a) migration of tenant farmers decreased significantly. b) race relations in rural areas improved immediately. c) banks lost money and many farm-related businesses closed. d) southern states were able to avoid an economic depression.

C) Banks lost money and many farm-related businesses closed.

Explanation:

Although the 1920s is generally considered a time of wealth and luxury, this period was followed by a decade of extreme hardship. The origins of the economic problems of the 1930s can in fact be found in the 1920s. One of the economic problems that banks faced was the fact that many small farmers lost their farms due to crop failures and debts. This led to banks losing money and many farm-related businesses closing.

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