Problems with Prosperity

Question 1

Why was this ‘new prosperity’ damaging for agriculture? (farming) - Give an example

Answer 1

During the war prices had risen by 25% however, after the war prices dropped. I.e. Wheat fell from $2.5 to $1 per bushel.

Question 2

What were the main reasons for agriculture suffering during the interwar years?

Answer 2

Prohibition - Cut the demand for grain previously used in alcohol.
The growth of synthetic fibres.