WORLD WAR I
CAUSES AND COURSE OF THE WAR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Farmers saw demand and prices fall for their goods.
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Agriculture became a growing sector of the economy.
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Most farmers transitioned to factory jobs in urban areas.
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The government subsidized and supported the agricultural sector.
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Detailed explanation-1: -During the early 1920s, when the World War I came to an end, the American farmers were severely affected as the agricultural economy saw a decrease in demand as well as the fall in prices for the goods produced.
Detailed explanation-2: -Farmers lost a huge part of their market, and because alcohol had been made illegal (prohibition), barley wasn’t needed their either, this meant they were producing too much grain for the demand and the value started to drop. Therefore they made less profit and paying back their loans was very hard.
Detailed explanation-3: -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-4: -With the war’s end, the government no longer guaranteed farm prices, and they fell to prewar levels. Farmers who had borrowed money to expand during the boom couldn’t pay their debts. As farms became less valuable, land prices fell, too, and farms were often worth less than their owners owed to the bank.
Detailed explanation-5: -Farmers formed cooperatives, interest groups, and political parties to protest their declining fortunes and to increase their political and economic power.