USA HISTORY

Detailed explanation-1: -Overproduction and competition caused falling prices.

Detailed explanation-2: -What common problem did farmers of the 1890s and farmers of the 1920s face? Explanation: Demands for the eight hour day were common among labor unions in the later 1800’s, such as the American Federation of Labor and the Knights of Labor.

Detailed explanation-3: -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-4: -Many attributed their problems to discriminatory railroad rates, monopoly prices charged for farm machinery and fertilizer, an oppressively high tariff, an unfair tax structure, an inflexible banking system, political corruption, corporations that bought up huge tracks of land.

Detailed explanation-5: -There were tremendous economic difficulties associated with Western farm life. First and foremost was overproduction. Because the amount of land under cultivation increased dramatically and new farming techniques produced greater and greater yields, the food market became so flooded with goods that prices fell sharply.