Direction: Mark the Option Which Is Most Suitable:Assertion : During ...
This was because the fall in agricultural prices was greater and more prolonged than that in the prices of industrial goods.
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Direction: Mark the Option Which Is Most Suitable:Assertion : During ...
Assertion : During the Great Depression, agricultural regions and communities were worst affected.
Reason : The fall in agricultural prices was greater and more prolonged than that in the prices of industrial goods.
The correct answer is option 'A' - If both assertion and reason are true and reason is the correct explanation of the assertion.
Explanation:
During the Great Depression, both agricultural regions and communities were indeed the hardest hit. The reason behind this was the significant fall in agricultural prices, which was greater and more prolonged compared to the prices of industrial goods.
1. The Great Depression and its impact
The Great Depression was a severe economic crisis that occurred in the 1930s, affecting countries worldwide. It originated in the United States and had far-reaching consequences on various sectors of the economy. The Depression led to a steep decline in production, employment, and overall economic activity.
2. Impact on agricultural regions and communities
Agricultural regions and communities were particularly vulnerable during the Great Depression. The reason for this was the significant drop in agricultural prices, which greatly impacted farmers and those dependent on the agricultural sector for their livelihoods.
3. Fall in agricultural prices
During the Great Depression, the fall in agricultural prices was more severe and prolonged compared to the prices of industrial goods. This was due to several factors, including overproduction, reduced demand, and a lack of purchasing power among consumers. As a result, farmers faced declining incomes and struggled to make ends meet.
4. Consequences for agricultural regions and communities
The fall in agricultural prices had a devastating impact on agricultural regions and communities. Farmers faced significant financial hardships, with many unable to repay loans or sustain their operations. This led to widespread farm closures, bankruptcies, and foreclosures, forcing farmers to leave their lands and seek alternative sources of income.
5. Conclusion
In conclusion, the assertion that agricultural regions and communities were worst affected during the Great Depression is true. The reason provided, which highlights the greater and more prolonged fall in agricultural prices compared to industrial goods, correctly explains why this was the case. The economic hardships faced by farmers had far-reaching consequences for rural communities and the overall economy during this challenging period.
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