What was one of the key consequences of the Scissors Crisis for the economy?

The Scissors Crisis, which occurred during the early years of the Soviet Union, significantly impacted the economic landscape, particularly exacerbating the hardships faced by the populace. One of the key consequences was indeed the worsening of living conditions. This crisis arose from a disparity between agricultural and industrial prices, where the prices of agricultural goods fell sharply while industrial goods remained expensive. This imbalance caused serious hardship for peasants, who struggled to sell their produce for a fair price while facing rising costs for goods they needed. As a result, living conditions deteriorated for many, particularly in rural areas, leading to increased poverty and dissatisfaction among the population. The consequences extended beyond just economic factors, fostering social unrest which would have far-reaching implications for the Soviet regime in the years to come.