output of agriculture sector dropped in America after first world war why
Answers
Answer:
The output of the agriculture sector dropped in America after first war due to use of standard equipment on farms.
Explanation:
During World War I, farmers worked hard to produce record crops and livestock. When prices fell they tried to produce even more to pay their debts, taxes and living expenses.
When the war ended (less than three months after the 1918 convention), demand for agricultural products sank, prices plummeted, farm incomes shrank, and the efficiency imperative evaporated.
In the early 1930s prices dropped so low that many farmers went bankrupt and lost their farms.
Answer:
The output of the agriculture sector dropped in America after the "First World War" because of the implementation of farming equipment
Explanation:
Farmers were highly involved in the production of crops and rearing livestock during this period. When there was a shift in the prices, they tried to produce more quantities to cover for their debts and other living expenses. After the war, the agricultural demand for product reduced and farms incomes went low as the efficiency reduced. Farmers lost their farms and were pronounced bankrupt since the prices were too low, leading to a drop in agriculture.