reasons.
3. Explain the following statements with
(1) Farmers in India became bankrupt.
of traditional
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Farmers took a loan from the moneylender, and the broker acted as the middleman who exploited the farmers. ... The farmers had to mortgage their land when they could not pay their loan back to the moneylender. This led to a vicious cycle of taking more loans which eventually led to bankruptcy.
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2
Answer:
Farmers took a loan from the moneylender, and the broker acted as the middleman who exploited the farmers. ... The farmers had to mortgage their land when they could not pay their loan back to the moneylender. This led to a vicious cycle of taking more loans which eventually led to bankruptcy.
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