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GCSE History · key term
The widening gap in 1923 between high industrial prices and low agricultural prices, which made manufactured goods expensive for peasants relative to their earnings from farm produce.
Used by Edexcel
Paper 3
Revise: Economic and Social ChangeThe scissors crisis was a widening gap between industrial and agricultural prices. Imagine two blades opening apart: one represents relatively high prices for manufactured goods, and the other relatively low prices for farm produce.
For the scissors crisis, distinguish prices from production: industrial production recovered slowly, helping keep manufactured goods expensive relative to farm produce.
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