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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.
A Revolution Down on the Farm: The Transformation of American Agriculture since 1929 (2009) excerpt and text search; Dahlstrom, Neil. Tractor Wars - John Deere, Henry Ford, International Harvester, and the Birth of Modern Agriculture (2022) Dean, Virgil W. An Opportunity Lost: The Truman Administration and the Farm Policy Debate.
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."
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.
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]
From 1900 to 1920, American farmers had prospered while European agriculture suffered serious disruption during World War I, which made prices soar. In 1919, Europeans began to close their markets by implementing tariff barriers. The period of American agricultural prosperity caused by rising demand had ended by the early 1920s.
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 ...
Terms used by scholars for the self-sufficient farmers at the middle economic level include "common people" and "yeomen." At the lowest level were the struggling poor whites, known disparagingly in some areas of the South as "Crackers." [2] In the colonial and antebellum years, subsistence farmers tended to settle in the back country and uplands.