In the 1920s, the agricultural sector faced falling demand and rising debt as a significant problem. After World War I, farmers experienced a surplus of crops, leading to plummeting prices and reduced income. Many had taken on debt to expand their operations during the war, and the declining prices made it difficult for them to repay loans, contributing to widespread financial distress in rural areas. This situation was a precursor to the economic challenges that contributed to the Great Depression.
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