The depression had devastating effects in virtually every country, rich or poor. International trade plunged by half to two-thirds, as did personal income, tax revenue, prices and profits. Cities all around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by roughly 60 percent. Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries suffered the most.
How far did crop prices fall?
60 percent
Farming and rural areas suffered as crop prices fell by roughly 60 percent.
Farming and rural areas suffered as crop prices fell by roughly sixty percent.
How far did crop prices fall?