Choose given statement is true/false:

The agricultural economies were the worst-affected nations post-First World War.

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Detailed Solution

The above statement is True.
The agricultural economies were the worst-affected nations post-First World War. As many agricultural nations were involved in the war, the production practices were adopted by America, Canada, and Australia. However, when the war ended, the nations involved in the war, such as eastern Europe, revived their agricultural economy. There occurred over-production of food grains post-war. This led to a fall in grain prices, affecting the agricultural economies. The peasants involved in food grains were in huge distress. Huge revenue and lower incomes led farmers into a debt trap.

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