There was a major surplus of crops during this period, but there was not a major demand. Many crops flooded the market causing a major price drop. Many farmers couldn't pay their bills and farms were repossessed. This is one of the events that led to the great depression.
By raising crop prices
Some countries in the Caribbean island face an economic danger by depending on one commercial crop. If the crop fails, no income is earned. If too much of the crop is produced worldwide, overall prices fall and the economy is in serious trouble.
Crop prices went down.
Crop prices went down.
Crop prices went down.
Overproduction in the 1890s contributed to the decline in the crop prices that led to the increase in the rural poverty.
By raising crop prices
In Things Fall Apart the "man's crop" is the yams.
Some countries in the Caribbean island face an economic danger by depending on one commercial crop. If the crop fails, no income is earned. If too much of the crop is produced worldwide, overall prices fall and the economy is in serious trouble.
Crop prices went down.
Crop prices went down.
Crop prices went down because of the boom in farm production in the 1870s.
Crop prices went down.
Crop prices went down.
Crop prices went down.
Crop prices went down.
Some farmers began destroying their crops in a desperate attempt to raise crop prices by reducing the supply.