What was a negative impact of "bonanza" farms?
a. Output declined
b. Farms got smaller
c. Farms became disorganized
d. oversupply led to lower prices
D
I don't think so.
Check this site.
http://www.mnhs.org/library/tips/history_topics/62bonanza.html
heres what my book says: The farms' massive output caused problems, however. When the supply of a certain product rose faster than the demand, the market became glutted and prices fell.
The correct answer is d. oversupply led to lower prices.
To determine the negative impact of "bonanza" farms, we need to understand what bonanza farms were. Bonanza farms were large-scale agricultural enterprises in the United States during the late 19th century, typically located in the Midwest. These farms were characterized by their vast size and the use of advanced machinery and technologies.
To identify the negative impact, we can look at each option and evaluate its potential consequences:
a. Output declined: This option suggests that the overall production on bonanza farms decreased. While it could be a negative impact, it is not directly related to the nature of bonanza farms; rather, it could be caused by other factors such as natural disasters or economic downturns. Therefore, we can eliminate this option.
b. Farms got smaller: This option implies that the size of bonanza farms decreased. However, the characteristic feature of bonanza farms was their large size, so it is unlikely that they would become smaller. Therefore, we can eliminate this option.
c. Farms became disorganized: This option suggests that bonanza farms experienced a lack of organization. While it is possible for any farm to face organizational challenges, it is not a specific negative impact of bonanza farms. Therefore, we can eliminate this option.
d. Oversupply led to lower prices: This option refers to the potential negative impact of bonanza farms. Due to their large-scale production and advanced technologies, bonanza farms could often produce a surplus of agricultural products. When there is an oversupply of a particular product, the increased competition can result in lower prices. This situation can be detrimental to the economic viability of the farms and lead to financial losses. Therefore, the correct answer is d. oversupply led to lower prices.
By evaluating each option based on the characteristics and implications of bonanza farms, we can identify that oversupply leading to lower prices was a negative impact associated with these large-scale agricultural enterprises.