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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.
Rural American history is the history from colonial times to the present of rural American society, economy, and politics. [1]According to Robert P. Swierenga, "Rural history centers on the lifestyle and activities of farmers and their family patterns, farming practices, social structures, political ties, and community institutions."
Although the eastern image of farm life on the prairies emphasizes the isolation of the lonely farmer and farm life, rural folk created a rich social life for themselves. They often sponsored activities that combined work, food, and entertainment such as barn raisings , corn huskings, quilting bees, grange meeting, church activities, and school ...
Smaller numbers were free employees or farm owners. In South Carolina there were about 400 free black farmers in the rural parishes surrounding Charleston. As farmers their strategies, production, and rural lives resembled the poor white neighbors. Survival was a high priority and involved establishing economic self-sufficiency through ...
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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 sudden lack of demand destroyed prices on commodities that were profitable to many Afrikaner farmers. For example, the price of wool fell 75% between 1925 and 1933. [1] A large portion of the agricultural industry were unable to repay mortgages on their over-capitalized farms. Thus, the National Party found itself losing favour with one of ...