What factors led to the growing economic crisis in farming?

1 answer:

6 0

In the 70's there had been e tremendous raise in grain exports to the Soviet Union, resulting in a steady rise in grain prices, which had led to banks readily offering loans at low interest rates and to farmers investing heavily and getting heavily into debt. All this investment however led to overproduction and consequently to a drop in grain prices and then, to a drop in land values.At the same time, interest rates went up, adding to the farmer's costs while revenues went down. On top of that, as a reaction to Russia's invasion of Afganistan the US President instituted a grain embargo to the Soviet Union. That meant that a major market for US grain disappeared overnight. The Russians started buying their grain elsewhere, meaning that even after the embargo was lifted US farmers could not realize anything like their former export volumes or <span>prices.</span>

You might be interested in

What were African Americans hoping for following their service in world war 2?

Sedaia [141]

Answer:

There hope was an end to Jim Crow laws.

4 0

3 years ago

Read 2 more answers

8. During the Enlightenment, a number of writers explored the relationship between governments and the people they governed. For

Stella [2.4K]

Answer: They supported movements for both the social and the political change.

Explanation:

Here's the complete question:

During the Enlightenment, a number of writers explored the relationship between governments and the people they governed. For example, Rousseau wrote The Social Contract in which he examined ideas about the majority of people and the common good of man. How did these ideas influence the American and French Revolution?

The Enlightenment, was simply a philosophical movement which occured around the 18th century, where tolerance, progress, liberty, constitutional government and other important topics were advocated.

The ideas influence the American and French Revolution as they supported movements for both the social and the political change.

3 0

3 years ago

What was one of the major consequences of the U.S. shift toward a foreign

hjlf

Answer:

the Soviet union instituted democratic reforms such as guaranteeing freedom of the press

3 0

3 years ago

which term applies to the group of people qualified to vote in the United States? A. Electorate B. electoral college C. board of

podryga [215]

Its either the Electorate or the Electoral College