Overproduction, the flooding of the market with goods at a time when consumers were unable to afford them, led to a steep plunge in prices for farm products. Most farmers had borrowed money to plant their crops. With the drop in the value of their crops, they could not repay what they owed.
the period of industrialization resulted in massive migration of unemployed agricultural peasants and artisans from rural areas to urban regions in search of work. 3. the focus shifted from growing food crops to growing cash crops or crops that were needed as raw material for industries
