THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
The quality of American produce was not up to par to foreign food standards.
|
|
|
Americans got tired of eating fruits and veggies
|
|
|
Americans began to eat processed foods and no longer needed real agriculture produce.
|
|
|
WWI had ended and Europeans no longer needed American goods.
|
Detailed explanation-1: -While most Americans enjoyed relative prosperity for most of the 1920s, the Great Depression for the American farmer really began after World War I. Much of the Roaring ‘20s was a continual cycle of debt for the American farmer, stemming from falling farm prices and the need to purchase expensive machinery.
Detailed explanation-2: -Farmers Grow Angry and Desperate. During World War I, farmers worked hard to produce record crops and livestock. When prices fell they tried to produce even more to pay their debts, taxes and living expenses. In the early 1930s prices dropped so low that many farmers went bankrupt and lost their farms.
Detailed explanation-3: -With the war’s end, the government no longer guaranteed farm prices, and they fell to prewar levels. Farmers who had borrowed money to expand during the boom couldn’t pay their debts. As farms became less valuable, land prices fell, too, and farms were often worth less than their owners owed to the bank.
Detailed explanation-4: -World War I led to a new approach in Federal agricultural policies–a guarantee of minimum prices for wheat and hogs. Farm prices rose, the Government called for increased production, and farmers responded. Large quantities of food went to our overseas allies and to relieve hunger in Europe after the War.