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Record production led to a fall in the price of commodities. Exports fell at the same time, due in part to the 1980 United States grain embargo against the Soviet Union. The Farm Credit System experienced large losses, which were the first losses since the Great Depression. [1] [2] The price of farmland was a significant factor. Credit ...
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]
In response to the Great Depression, the Subsistence Homesteads Division was created by the federal government in 1933 with the aim to improve the living conditions of individuals moving away from overcrowded urban centers while also giving them the opportunity to experience small-scale farming and home ownership. [6]
In the 1930s, during the Great Depression, farm labor organized a number of strikes in various states. 1933 was a particularly active year with strikes including the California agricultural strikes of 1933, the 1933 Yakima Valley strike in Washington, and the 1933 Wisconsin milk strike.
After the Wall Street crash of 1929, when the Dow Jones Industrial Average dropped from 381 to 198 over the course of two months, optimism persisted for some time. The stock market rose in early 1930, with the Dow returning to 294 (pre-depression levels) in April 1930, before steadily declining for years, to a low of 41 in 1932.
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 ...
Agricultural land and revenue boomed during World War I, but fell during the Great Depression and the 1930s. [47] [verification needed] The agricultural land most affected by the Dust Bowl was 16 million acres (6.5 million hectares) of land in the Texas and Oklahoma panhandles. These 20 counties that the U.S. Department of Agriculture's Soil ...
The Plow That Broke the Plains is a 1936 short documentary film that shows the cultivation of the Great Plains region of the United States and Canada following the Civil War and leading up to the Dust Bowl as a result of farmers' exploitation of the Great Plains' natural resources. [1]