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What did farmers do when the demand for grain drop after World War 1?
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What kind of problems did the farmers face after world war 1?
Following World War I, farm production was down in Europe, in the United States President Hoover encouraged the farmers to step up production. Prices increased and farmers used credit to purchase more land and equipment to take advantage. However, the easy credit resulted in the crash, and prices began to plummet. The actual depression caused even more of a drop, prompting the need for government programs.
How did the end of world war 1 affect farmers?
Most of them kept on farming, as it was necessary to support the troops. Others joined the military and the farms were not used.
Why was the parachute important to the people in the world war?
to help aircraft personnel and troops drop to land safely
What did the enemy use to drop bombs from the sky in World War 1?
nuclear bombs
How did technology make World War 1 and 2 different?
Planes during WW1 were used as surveillance and if they wanted to drop bombs the pilot had to physically pick up a bomb and drop it. In WW2 they were used for air to air combat and could actually mechanically drop bombs.
Why did farmers find it harder to make a living in the 1980s?
There was a drop in demand.
Why did crop price drop after World War 1?
Farmers overproduced crops.
How is the current demand for a good related to its future prices?
If the price is expected to drop, current demand will fall.
What caused nearly one million farmers to lose their farms between 1930 and 1934?
Severe drought, and the crash of the stock marketcausing banks to go bankrupt, which caused grain prices to drop substantially.
How is the future price related to current demand?
if the price is expected to drop, current demand will fall.
Can metric system measure grain and drops?
Of course. A grain is roughly 64.8 milligrams, and a drop (or minim) is 59.2 microlitres.
How can consumer tastes and preferences influence demand?
consumer buying increases demand when the supply begins to drop the demand goes up.
Why did fur demand drop in the 1990's?
Factors such as animal rights campaigns, warm winters, and a glut in the international fur market, caused fur demand to drop.
Why was there a farm crisis in the 1980's?
In the 70's there had been e tremendous raise in grain exports to the Soviet Union, resulting in a steady rise in grain prices, which had led to banks readily offering loans at low interest rates and to farmers investing heavily and getting heavily into debt. All this investment however led to overproduction and consequently to a drop in grain prices and then, to a drop in land values. At the same time, interest rates went up, adding to the farmer's costs while revenues went down. On top of that, as a reaction to Russia's invasion of Afganistan the US President instituted a grain embargo to the Soviet Union. That meant that a major market for US grain disappeared overnight. The Russians started buying their grain elsewhere, meaning that even after the embargo was lifted US farmers could not realize anything like their former export volumes or prices.
What was the purpose of Louisiana GovernorLong's drop-a-crop law?
the drop the crop was the farmers lemit of crops the had to make
How is current demand related to the future price of a good?
If the price is expected to drop, current demand will fall.
How is the current demand for a good related to is future price?
If the price is expected to drop, current demand will fall.
