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Farm owners faced many problems firstly because of the war exports were increased but as soon as the war ended countries stopped importing from the US and there was overproduction. The US decreased the prices on crops so people would buy more of them but since it could not all be bought and eaten, overproduction remained.

American agriculture was facing competition from Argentina and Canada, some countries stopped buying from them or reduced their imports from America. Another reason that the Europeans didn’t buy the American products was the high tariffs America had placed. The prices went down so people would buy crops, but the farmers didn’t earn much thus they started producing even more crops and this also contributed to overproduction.

When the farmers didn’t earn much, they started taking loans in order to provide for themselves and when those loans couldn’t be paid back many farms were seized by the banks. This lead to a lot of unemployment and directly led to poverty and homelessness.

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Hmpink 14

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3y ago

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