Which of these best describes why a large percentage of farmers in the late 1800s had high amounts of debt?

many farmers had borrowed large amounts of money to pay for land and farm equipment.

i confess that there are several parts of this constitution which i do not at present approve, but i am not sure i shall never approve them: for having lived long, i have experienced many instances of being obliged by better information or fuller consideration, to change opinions even on important subjects, which i once thought right, but found to be otherwise. it is therefore that the older i grow, the more apt i am to doubt my own judgment, and to pay more respect to the judgment of others.

c or d both can be the answer