Question

mention the impact of first world war on agricultural economics​

Answer 1

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.