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A farm crisis is an American term for a time of agricultural recession, low crop prices and low farm incomes. The Interwar farm crisis was an extended period of depressed agricultural incomes from the end of the First to the start of the Second World War. The most recent US farm crisis occurred during the 1980s. [1] [2] [3]
The United States experienced a major farm crisis during the 1980s. By the mid-1980s, the crisis had reached its peak. Land prices had fallen dramatically leading to record foreclosures. Farm debt for land and equipment purchases soared during the 1970s and early 1980s, doubling between 1978 and 1984.
The Act created a new agency, the Agricultural Adjustment Administration, also called "AAA" (1933–1942), an agency of the U.S. Department of Agriculture, to oversee the distribution of the subsidies. [2] [3] [4] The Agriculture Marketing Act, which established the Federal Farm Board in 1929, was seen as an important precursor to this act.
The great depression of British agriculture occurred during the late nineteenth century and is usually dated from 1873 to 1896. [1] Contemporaneous with the global Long Depression, Britain's agricultural depression was caused by the dramatic fall in grain prices that followed the opening up of the American prairies to cultivation in the 1870s and the advent of cheap transportation with the ...
Great depression of British agriculture (1873–1896) Long Depression (1873–1896) Panic of 1873, a US recession with bank failures, followed by a four-year depression; Depression of 1882–1885; Panic of 1884. [5] Panic of 1890. [2] Panic of 1893, a US recession with bank failures; Australian banking crisis of 1893; Panic of 1896
That same day, a group of striking grape pickers faced a group of armed growers' men at a farm near Arvin, California, about 60 miles (97 km) south of Pixley. After several hours confronting one another at the border of the employer's land, the two sides began attacking each other (the workers armed with wooden poles, the growers' men using the ...
The Farm Security Administration (FSA) was a New Deal agency created in 1937 to combat rural poverty during the Great Depression in the United States. It succeeded the Resettlement Administration (1935–1937). [1] The FSA is famous for its small but highly influential photography program, 1935–1944, that portrayed the challenges of rural ...
As world trade slumped, demand for South African agricultural and mineral exports fell drastically. It is believed that the social discomfort caused by the depression was a contributing factor in the 1933 split between the "gesuiwerde" ( purified ) and "smelter" (fusionist) factions within the National Party and the National Party's subsequent ...