Question

using the information from the source explain how farming were affected by the market crash of October 1929​

Answer 1

Answer: The Great Depression had devastating effects on many economies around the world. Unemployment rose to unprecedented levels, poverty increased, and homelessness spiked. In the United States, output from factories and farms declined sharply, and millions of Americans lost their jobs.The agricultural sector was particularly hard hit by the Great Depression. Farm income fell sharply, and prices for farm products plummeted. In fact, farm foreclosures increased dramatically during the period. The Dust Bowl – a massive drought that struck the Midwest in the early 1930s – only made matters worse for farmers.

Step-by-step explanation:

Answer 2

Answer: The Great Depression was the worst economic downturn in the history of the industrialized world. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers. The stock market crash in October 1929 and the ensuing economic downturn made conditions even worse. Farm incomes fell by nearly 60% between 1929 and 1932. The number of farms fell by 12%, as many farmers were forced to abandon their farms.