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The Market Revolution in the 19th century United States is a historical model that describes how the United States became a modern market-based economy.During the mid 19th century, technological innovation allowed for increased output, demographic expansion and access to global factor markets for labor, goods and capital.
Norman Ernest Borlaug (/ ˈ b ɔːr l ɔː ɡ /; March 25, 1914 – September 12, 2009) [2] was an American agronomist who led initiatives worldwide that contributed to the extensive increases in agricultural production termed the Green Revolution.
The Rise of the Wheat State: A History of Kansas Agriculture, 1861- 1986 (1987) 16 topical essays by experts. online; Hurt, R. Douglas. "The Agricultural and Rural History of Kansas." Kansas History 2004 27(3): 194–217. ISSN 0149-9114 Fulltext: in Ebsco; Larson, Henrietta M. The wheat market and the farmer in Minnesota, 1858–1900 (1926 ...
The next stage of development was trading between markets, requiring merchants, credit and forward sales, knowledge of markets and pricing and of supply and demand in different markets. Eventually, the market evolved into a national one driven by London and other growing cities. By 1700, there was a national market for wheat.
Flour War – occurring in 1775, this was an uprising caused by the excessive price of bread in France before the French Revolution. Early in the season for wheat harvesting and flour production, the government enacted fewer price controls than later in the year, leaving prices to the free market. This caused the price of flour to climb, and ...
The Russian Revolution of November 1917 ushered in a period of civil war and economic dislocation, in which the ruling All-Union Communist Party (bolsheviks) (VKP) made use of forced grain requisitions (Russian: prodrazvyorstka), trading to the peasantry currency with little purchasing power for an underdeveloped consumer goods market. [1]
Turgot repressed the riots and restored controls over the grain market. The idea of free trade of grain was discredited and the economic experiment distanced the masses from the government in Versailles. The Flour War can be seen as a prelude to the French Revolution. [7]
A politician, Manish Tewari, visiting a grain market in the important Punjab region of India, frequently described as the breadbasket of India. India's relation to the international grain market, was an important part of the 2020–2021 Indian farmers' protest-- with many of the more active protests in the Punjab region.