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[[1]] was a major supplier of wheat in the world market.

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Detailed Solution

Eastern Europe was a significant exporter of wheat before the war. Wheat production increased significantly in Canada, America, and Australia when this supply was interrupted during the war. However, production in eastern Europe picked up after the war ended, which led to a glut in wheat production. Wheat was produced in excess. Farmers were still burdened by the significant debts they were urged to incur during the war. They had more land and machinery than required, and the market for their goods substantially shrunk. Agricultural and real estate prices fell as a result of the market surplus.

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