Soon after Oklahoma became a Territory in 1892 settlers and farmers came with high hopes of owning their own land. Times became hard. The farmers had to contend with Mother Nature, the railroad and grain elevator rates, exorbitant prices to buy needed farm machinery, fertilizers and seeds, a poor banking system, lending companies, and high tariffs.If the farmers needed loans The Crop Lien system could advance credit to purchase the supplies to grow yearly crops. Credit could be obtained through local merchants or landlords. Due to the abuse of the credit system, many farmers lost their land due to foreclosure.The…
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