How Did Agriculture Affect The Economy

methods for the production of agricultural products which had caused them to pay a lot of money for the initial installation process, which can be said to a direct effect of the Capitalistic society. This mainly led the farmers to go in debt as they brought these things either through instalments/ credit and with the low price of commodities and over production of goods eventually led to the instability in the agricultural sector.
By 1925, the growth of car manufacturing slowed down, along with residential construction.
The late 20s saw the decreased purchasing pattern of goods by the American consumers mainly due to the high prices, low wages and increased buying through credit. As there was an increase in the production during this time,
All the other countries did introduce their own Tariff system. For instance, Britain decided to cut the Government expenditure and to concentrate on the protective Tariffs. People who were working in the Heavy industry lost their jobs as they were left on its own by the Government and this led the outbreak of hunger strikes in the North-East of London,if we take the case of Germany, it didn’t get so much affected by the Depression and in 1933 Hitler took in charge and blamed the International Jewish bankers for the situations that the country was going
Roosevelt was of the opinion that the Capitalistic approach of laissez -faire destroyed the economy to the core and it didn’t nourish the economy at all, and in such a situation the Government intervention was needed in the public life to bail out the Banks from their debts, to reduce the unemployment rate, and moreover he aimed at an effective functioning of the economy without any hindrances atlas for sometime. By 1934, unemployment started falling at an unprecedented rate and the economy began to start