How did agricultural economies go into a crisis, post war?

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#1
  • 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.
  • But once the war was over, production in eastern Europe was revived and there was overproduction of wheat.
  • Grain prices fell, rural incomes declined and farmers fell deeper into debt.