Describe the condition of agricultural economies after the First World War with examples.
The condition of agricultural economies after the First World War was bad as mentioned below : Many agricultural economies particularly of wheat producers faced a crisis. For example before the war, eastern Europe was a major supplier of wheat in the world market. When this supply was disrupted during the war wheat production in Canada, America and Australia increased significantly. After the war once again production in Eastern Europe was revived leading to more supply of wheat in the market. As a result of it, prices of grain fell and incomes declined and farmers fell deeper into debt. Thus, the agricultural economies suffered more after the war
