As the 1920s progressed, farm incomes in the United States underwent significant changes. At the beginning of the decade, farmers were facing difficult economic conditions. The end of World War I had led to a drop in grain prices, and the increased production of European farms had further depressed prices. In addition, the high levels of debt that many farmers had incurred during the war had left them in a precarious financial position.
Despite these challenges, the 1920s saw some improvements in farm incomes. One factor contributing to this was the passage of the McNary-Haugen Farm Relief Bill in 1927. This legislation sought to provide financial assistance to farmers by establishing a system of price supports for agricultural commodities. While the bill was vetoed by President Calvin Coolidge, it did lead to the creation of other programs, such as the Agricultural Marketing Act of 1929, which aimed to stabilize farm prices and incomes.
Another factor that contributed to the improvement in farm incomes was the rise in demand for agricultural products. The population of the United States was growing, and with it came increased demand for food. This led to higher prices for many agricultural commodities, which in turn helped to boost farm incomes.
However, not all farmers benefited equally from these trends. Many smaller, less efficient farms struggled to compete with larger, more modern operations, and as a result, their incomes lagged behind. In addition, the Great Depression, which began in 1929, had a devastating impact on the agricultural sector. Prices for farm products plummeted, and many farmers were forced to sell their land and leave the industry.
Overall, the 1920s saw a mixed bag of economic conditions for farmers in the United States. While there were some improvements in farm incomes, there were also significant challenges, particularly for smaller and less efficient operations. The impact of these trends was felt well beyond the decade, as the economic struggles of the 1930s had lasting effects on the agricultural sector.
US History Final: Test #4 Flashcards
Higher-paying jobs in the cities required a formal education As its heart, the Scopes Trial was a clash between Evolution and science Why were nativists opposed to immigration? The demand for automobiles in the 1920s. US money poured into the top will find its way to the bottom trickle-down economics an alliance between southern whites, blue-collar workers, African Americans and poor farmers New Deal Coalition a work relief program that gave millions of young men jobs on environmental projects Civilian Conservation Crops communication between FDR and the American people fireside chats wanted to nationalize the banking system and eliminate individualism Father Charles Coughlin President at the start of the Depression Herbert Hoover WW1 veteran s who wanted their promised benefit Bonus Army the day a million shares of stock was sold Black Tuesday raised taxes of foreign imports Hawley-Smoot Tariff Social Darwinists believed that the best country would win any international competition The Triple Alliance nations were Germany, Austria-Hungary, and Italy The build-up of the U. Women had difficulty finding white-collar jobs such as telephone operators D. . Perry negotiated a treaty that opened trade too the United States Hawaii was annexed in. Wealthy people grew wealthier and had money to spend on consumer products, but this spending was not enough to keep the economy booming D. Not all women wanted to be flappers, but many wanted to challenge political, economic, social, and educational boundaries B.
. Black middle and upper classes emerged Why did Marcus Garvey's movement fall apart? When did the United States grant independence to the Philippines? Definition borrowing money to help pay for stock, while paying a small down payment Term One long-range effect of the Great Depression was that many people: Definition developed habits of saving and thriftiness Term What was the first major action Roosevelt took as president? There was no effective leadership after Garvey was deported to Jamaica D. Hollywood, California In 1920, America's first radio station. It established a hemispheric defense zone The Tripartite Pact was an alliance between Germany, Italy, and Japan America became the "arsenal for democracy" with Congress's approval of what? Otherwise, click the red Don't know box. The residents of Harlem refused to support the Universal Negro Improvement Association D. Definition By avoiding close interaction with other nations Term What was the largest cultural split in 1920's America? By creating jobs in the North What major event shocked the American people and led Wilson to no longer call for peace? Allowed Harding to reduce government regulation of business and return to a more traditional laissez-faire approach Which best describes the changing attitudes of people living in developing suburbs? Definition it provided no means of enforcing the "no war" argument Term To protect their own interests, employers in the 1920's often accused striking workers of being Definition communists Term Fundamentalists believed that: Definition the Bible should be taken literally Term After the stock market crash, how did President hoover try to help the economy? Look at the large card and try to recall what is on the other side. President Hoover's volunterism and trickle-down economic policies had failed D.
