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What were some major problems facing American farmers in the 1920s?
The farmers bought more land during WW1 to make a profit from the starving people of Europe. After the war the US was thriving and charged high taxes to foreign companies, ensuring that US companies had no foreign competitors. Unfortunately, this made Europe boycott US exports, leaving the farmers producing too much with not as many people to sell it to, which wasn't helped by the US's falling population. Then more efficient Canadian wheat growers sold wheat at a better deal than US farmers. Finally, the farmers bought machinery on a loan basis; as they overproduced and demand went down, they had to sell food at a minimum price to still pay loans. This failed and many lost their farms as a result. Not all farmers lost land; specialist farmers succeeded by selling fresh fruit and vegetables, such as lettuce, to the rich.
Which of the following explains why farmers in the early US benefited when there were no protective tariffs?
Farmers could buy goods from overseas for lower prices.
What was the name given to poor southern white small farmers after the Civil War?
After the US Civil War, many poor white farmers became sharecroppers, farming land owned by the wealthy planters in exchange for a percentage of their crop's yield.
What was a major problem faced by US farmers in both the 1890s and the 1920s?
inflationary currency.
Which was a major problem faced by US farmers in both the 1890s and the 1920s?
Inflationary Curency
