Which of the following was true of the agricultural depression in Texas?

Question

• The prices of corn went down, but the prices of cattle went up.

• Farmers voluntarily limited production to combat the depression.

• The market price for cotton fell by more than 4 cents.

• The prices of agricultural commodities remained stable.

Answer 1

The statement that is true of the agricultural depression in Texas is:

• The market price for cotton fell by more than 4 cents.

During the agricultural depression, particularly in the 1920s, Texas experienced significant declines in the prices of various agricultural commodities, including cotton.