stephanie2000 stephanie2000
  • 02-02-2017
  • History
contestada

Which factor contributed to low agricultural prices at the onset of the Great Depression?

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Funsizelove838
Funsizelove838 Funsizelove838
  • 02-02-2017
Surpluses in farm production
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ailud18
ailud18 ailud18
  • 11-04-2019

Surpluses in farm production contributed to low agricultural prices at the onset of the Great Depression.

Farmers got really angry and desperate because during World War I, they worked extremely hard seeking to produce record crops and livestock. What is more, when prices declined they tried to produce even more in order to pay their debts, taxes and living expenses. Howerver, in the early 1930s prices fell so low that many farmers went bankrupt and lost their farms.

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