THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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European need for American farm products declined after WWI.
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fashions of the 1920s required less cotton material than previously.
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Americans refused to buy genetically altered foods.
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None of the above
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Detailed explanation-1: -While most Americans enjoyed relative prosperity for most of the 1920s, the Great Depression for the American farmer really began after World War I. Much of the Roaring ‘20s was a continual cycle of debt for the American farmer, stemming from falling farm prices and the need to purchase expensive machinery.
Detailed explanation-2: -With heavy debts to pay and improved farming practices and equipment making it easier to work more land, farmers found it hard to reduce production. The resulting large surpluses caused farm prices to plummet. From 1919 to 1920, corn tumbled from $1.30 per bushel to forty-seven cents, a drop of more than 63 percent.
Detailed explanation-3: -American farmers who had taken on debt in order to meet demand during the war, found themselves unable to pay those debts. Adding to the crisis was the advent of new farming technology; large tractors and other farming machinery made short work of large farms and made small farms obsolete.