after first world war in europe wheat price fall?why?
Answers
Answer:
i) The agricultural economies also suffered because of First World War.
(ill Before the War. Eastern Europe was a major supplier of wheat in the world market.
{iii) When this supply was disrupted during the First World War. wheat production of Canada. America and Australia expanded dramatically. But once the War was over, production in Eastern Europe revived and created a glut in the wheat output. Grain prices fell, rural income declined and farmers fell deeper into debt.
Explanation:
During the Revolutionary War, agriculture helped to feed the American forces, and in the Continental Congress it saw U.S. commodity exports as a major lever in building alliances with other nations, creating the model Commercial Treaty of 1777 ( Jefferson later sought to use the curtailment of American agriculture ...