question_answer 1)

Look at the graph carefully. See how the price line moves up sharply in the 1790s and slumps dramatically after 1815 can you explain why the line of the graph shows this pattern?

Answer:

During the 1790s, due to the industrial revolution, a large number of people migrated from the villages to the towns in search of jobs. For survival there, they had to buy food grains from the market. Due to this increased demand, the prices of food grains grew rapidly.   Another factor increasing the prices was the fact that England was at war with France from near the end of the 18th century and so food grain imports from Europe were drastically reduced. This made the agriculturists in England cover more land for growing grains, to increase their profits.   However, after the Napoleonic wars ended in 1815, the food grains started flowing in from Europe again. Together with the increased production in England itself, it caused a glut, thus depressing the prices substantially.