It was the Farmers who were the first ones to experience the early depression in the 1920s.
<u>Further Explanation:-
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<u>The Great Depression is considered the worst economic shutdown in the history of the United States. This economic decline started in the year 1929 and went on to the later stages of the 1930s.</u> The Crash of the Stock Market was the reason which brought this great depression. By the year 1933, there were around 25% of people in the United States were unemployed and the majority of banks in the United States went out of Business.
<u>It was the farmers who were the most affected by this economic shutdown caused by the Great depression</u>. Prices of their crops were falling year after year and states of Texas, Oklahoma and Kansas suffered severe drought which also caused dust storms. In the initial stages of the 1930s, the majority of farmers went bankrupt and because of that, they were not able to pay their loans and lost their farms. Corns that were grown by farmers became so cheap that instead of coal, people started burning corn to make their food. <u>Many farmers even formed farmers Union but all went in vain as it did not have any effect on Prices</u>.
Learn more:
1. What was the impact of political and legal ideas contained in Justinian's code?
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2. How did Gertrude stein influence the career of Pablo Picasso in Paris at the start of the twentieth century?
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Answer details:
Grade – High School
Subject – History
Chapter – Early depression
Keywords –Economical depression, Great Depression, The United States, Farmers, Crops, Corns, Coal, Texas, Oklahoma, Kansas.
<u>Distinguish between an Ice Age from an interglacial:</u>
Ice age is the period of time when the glacial advancement takes place at such a level that all the water bodies turn into ice and the interglacial is the period of time between the ice ages where the glacier melts and the sea level rises.
So also, an interglacial or interglacial period is the hotter timeframe between ice ages where icy masses retreat and ocean levels rise. The glacier retreats and it becomes warm. Whereas during ice age the sea level falls down and glaciers are formed. These are the major differences between Ice age and interglacial period.
The Anasazi people lived in the southwestern region of what is now the United States.
Napoleon's impact on the French economy was of modest importance in the long run. He did sweep away the old guilds and monopolies and trade restrictions. ... This had the effect of encouraging innovation in Britain, where the Industrial Revolution was well underway, and diverting the need for innovation in France.
