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The U.S. government continued to instill inflationary policy following World War I. [1] By June 1920, crop prices averaged 31 percent above 1919 and 121 percent above prewar prices of 1913. Also, farm land prices rose 40 percent from 1913 to 1920. [2] Crops of 1920 cost more to produce than any other year.
The McNary–Haugen Farm Relief Act, which never became law, was a controversial plan in the 1920s to subsidize American agriculture by raising the domestic prices of five crops. The plan was for the government to buy each crop and then store it or export it at a loss.
One important gathering that was a precursor to the establishment of a national Farmer–Labor Party was the Cooperative Congress, held in Chicago on February 12, 1920. The gathering included participants from the cooperative movement, farmers organizations, trade unions, and the Plumb Plan League. The congress elected a 12-person All-American ...
August 1920: Weatherford, Texas, street scene; carts and horses, people buying produce from farmers. ... At Trading Day in Weatherford, a typical sidewalk scene in the business section of ...
The doctrine of parity was used to justify agricultural price controls in the United States beginning in the 1920s. It was the belief that farming should be as profitable as it was between 1909 and 1914, an era of high food prices and farm prosperity. The doctrine sought to restore the "terms of trade" enjoyed by farmers in those years.
By 1924, there were 6,500,000 farms nationwide, on which farmers operated 4,200,000 Fords and other brands, as well as 370,000 trucks, and 450,000 tractors. [ 92 ] Even more important was the commitment to intercity roads, which the merchants wanted.
Sawers (2005) shows how southern farmers made the mule their preferred draft animal in the South during the 1860s–1920s, primarily because it fit better with the region's geography. Mules better withstood the heat of summer, and their smaller size and hooves were well suited for such crops as cotton, tobacco, and sugar.
In 1920, 24% (218,612) of farms in the nation were Black-operated, less than 1% (2,026) were managed by Black people, and 76% (705,070) of Black farm operators were tenants. [ 22 ] The cotton industry in the United States hit a crisis in the early 1920s.