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Why did farmers destroy their products instead of selling the for a low price during the great depression?
To reduce supply/increase demand but with fewer products available, and thereby try to increase prices.
Products whose demand remains unchanged regardless of their price?
Such products have an inelastic demand.
How did the baby boom affect the US economy?
Growing families increased the demand for products.
What what was the importance of farmers income income to Industrialization?
Farmers' income was crucial to industrialization as it provided the necessary capital for investment in emerging industries. Higher incomes allowed farmers to purchase manufactured goods, creating a demand for industrial products. Additionally, prosperous farmers could invest in infrastructure, such as railroads, which facilitated the movement of goods and resources. Overall, a thriving agricultural sector supported the growth and sustainability of industrial economies.
What career will be in highest demand in 2050?
There is no way to tell exactly which career will be in the highest demand in 2050 but some experts believe that education and healthcare will always be top fields.
Why were the postwar years difficult for farmers?
because it decreased in demand for farm products
Why did farmers destroy their products instead of selling the for a low price during the great depression?
To reduce supply/increase demand but with fewer products available, and thereby try to increase prices.
How did supply and demand affect farmers?
The farmers did not earn much.
Why did demand for farm products go down after World War I?
During WWI, farmers were encouraged by the US government to increase their production to send their goods overseas for the nations at war. Essentially, American farmers were feeding European troops. When the war ended, there was no a longer demand for all the food, so farmers no longer needed to produce as much, hence why farm products went down after World War 1.
Who provided southern cotton farmers with products such as rope and sackcloth?
Southern cotton farmers were primarily supplied with products like rope and sackcloth by local manufacturers and merchants. Additionally, larger companies and mills specializing in textile and agricultural products also played a significant role in providing these essential items. The interconnectedness of local economies and the demand for cotton-related goods fostered a network of suppliers catering to the needs of farmers.
Describe the farmers situation in the 1920s?
Demand for crops fell as farmers' debts rose.
Describes the situation of farmers in the 1920s?
Demand for crops fell as farmers' debts rose.
What describes the situation of farmers in 1920s?
Demand for crops fell as farmers' debts rose.
What were the goal of national grange?
Give communities a place to meet and organize farmers to demand political change.
Products whose demand remains unchanged regardless of their price?
Such products have an inelastic demand.
How did the baby boom affect the US economy?
Growing families increased the demand for products.
Farmers often find that larger bumper crops ae associated with declines in the gross incomes this suggests that?
the price elasticity of demand for farm products is less than 1
