Question

What was a negative impact of “bonanza” farms?

Answer 1

Bonanza farms were a huge area of farms in United States, which mostly involved planting and harvesting of wheat plants. Since Bonanza farms were a vast planting area, during harvesting owners need to hire hundreds of people to do the work. Thus, Bonanza farm’s negative impact to the society was the quantity over the price issue, which means the abundant the supply, the lesser it cost in the market. This problem also affected the salary of the workers, since the supply was overflowing, they no longer profit from it.

Answer 2

Oversupply led to lower prices