113k views
5 votes
Which factor contributed to low agricultural prices at the onset of the Great Depression?

User Yshahak
by
7.7k points

2 Answers

4 votes
Surpluses in farm production
User Xavier Poinas
by
6.6k points
1 vote

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.

User Yuji
by
7.0k points