Question

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

Answer 1

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.

Answer 2

Surpluses in farm production