- During the war, farmers became used to growing as many crops as possible. But during the 1920s, they grew more food than was needed (over-production), leading to falling prices and falling profits - which was also worsened by rising taxes, mortgages and wages.
- Some other countries like the UK, Russia and Canada were able to recover from the war and become foreign competition for the US in terms of agriculture.
- The Republican government didn't allow the government to buy up farmers' crops as President Coolidge thought it would encourage further over-production.
- The US farm population began to shrink for the first time in history - not everyone was prospering in the 20s.
Sunday, 27 March 2016
Problems in farming, including over-production and mechanisation
Problems in farming, including over-production and mechanisation.
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