Which of the following did not contribute to the farmer's worsening terms of trade during the period of 1875-1895?

Question

Quizplus · Accepted Answer

The worsening terms of trade for farmers during 1875-1895 were primarily due to overproduction, technological advancements increasing output, and the low income elasticity of demand for agricultural products, not an increase in demand for U.S. crops after the Civil War. In fact, a rise in demand would likely have improved the terms of trade for farmers, not worsened them.

Which of the Following Did Not Contribute to the Farmer's