At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Join our platform to connect with experts ready to provide accurate answers to your questions in various fields. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.
Sagot :
It was the Farmers who were the first ones to experience the early depression in the 1920s.
Further Explanation:-
The Great Depression is considered the worst economic shutdown in the history of the United States. This economic decline started in the year 1929 and went on to the later stages of the 1930s. The Crash of the Stock Market was the reason which brought this great depression. By the year 1933, there were around 25% of people in the United States were unemployed and the majority of banks in the United States went out of Business.
It was the farmers who were the most affected by this economic shutdown caused by the Great depression. Prices of their crops were falling year after year and states of Texas, Oklahoma and Kansas suffered severe drought which also caused dust storms. In the initial stages of the 1930s, the majority of farmers went bankrupt and because of that, they were not able to pay their loans and lost their farms. Corns that were grown by farmers became so cheap that instead of coal, people started burning corn to make their food. Many farmers even formed farmers Union but all went in vain as it did not have any effect on Prices.
Learn more:
1. What was the impact of political and legal ideas contained in Justinian's code?
https://brainly.com/question/5344838
2. How did Gertrude stein influence the career of Pablo Picasso in Paris at the start of the twentieth century?
https://brainly.com/question/4845016
Answer details:
Grade – High School
Subject – History
Chapter – Early depression
Keywords –Economical depression, Great Depression, The United States, Farmers, Crops, Corns, Coal, Texas, Oklahoma, Kansas.
Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.
