Question

mention the impact of first world war on agricultural economics?

Answer 1

The First World War affected the Agricultural economies in the following manner:

a. ​Agricultural crisis entangled many countries of the World.
b. During the course of the First World War, to meet the growing needs wheat production exapanded exponentially in countries like Australia, Canada, America as supply from Eastern Euprope was disrupted.
c. However, after the war, with Esatern Europe reviving its supply of wheat, these ( America, Canada ) countries were severly effected.
d. With their surplus wheat, the prices of grains were effected, rural incomes declined.
e. Farmers ran into debts.