How did agricultural economies go into a crisis, post war? -SST 10th

1 Answer

Answer :

. Before the war, eastern Europe was a major supplier of wheat in the world market. . When this supply was disrupted during the war, wheat production in Canada, America and Australia increased. . But once the war was over, production in eastern Europe was revived and there was overproduction of wheat. . Grain prices fell, rural incomes declined and farmers fell deeper into debt.

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