During Westward Expansion farmers fell victims to the low pricing of the crops. Most farmers struggled to make a living due to key issues. There was often a high tax on railroads which had cut a large profit from the farmers. The farmers had no other option other than the railroad since the farmers were often very far off westward in the Great Plains, while the market with a large population was still in eastern cities like New York. Likewise farmers had to pay a middle man in the East to sell their commodities in the East, because the poor farmers were unable to travel all the way to the East to sell their products then come back to start farming for the next year.
The goal of the Kansas Farmer’s Alliance was to give the farmers more of a say in buying their supplies and selling their products.Then the Alliance started to fail due to lack of money, management and support.With the fail of the Alliance most of the members joined the Populist
While there were state subsidies for railroads before the Civil War, it often led to financial disaster in many states. Consequently States outlawed further public subsidies to reign in their losses. The design and expansion of the trans-continental railroad required a massive infusion of wealth which was beyond the capabilities of all the financial resources of the time. Only the intervention of the Federal government could serve the long term financial interests of the railroads like the Union
After Germany signed the Treaty of Versailles nations of Germany had live miserable lives, because high inflation happened in Germany. Germany made a wrong decision when they had to pay money. Instead of taxing people to give money for the damage to Allies, Germany borrowed a lot of money from other countries. As a result they had to pay more money with a huge debt. However German government printed more money to pay off the debt but it caused inflation.
The dust bowl was a frightening time for most people during the 1930s. severe drought and a failure to apply dryland farming methods to prevent wind erosion. The Dust Bowl negatively affected people who lived there in a personal way. During the Dust Bowl a lot families and people had to migrate to a different state.“The Dust Bowl forced tens of thousands of families to abandon their farms. ” ("Dust Bowl")Families had to abandon their farms which negatively affects the people because they could not grow crops during the dust bowl.“So many of them came from Oklahoma, migrated to California and other states to find that the Great Depression had rendered economic conditions there little better than those they had left.” ("Dust Bowl")The people
The Cunninghams are country folks, farmers, and the crash hit them the hardest.” (Lee 27) To clarify, since they were country folk and farmers they were affected badly by the Great Depression. This event had caused them to be penniless. To conclude, the reader learns that the Great Depression had caused the white-collared people to be indigent because the farmers were poor. Farmers couldn’t go to the professional people because they didn’t have money and it was difficult for them to come across
The impoverishment of the peasants had forced them to seek regular loans from the rich. If a Roman entered into a formal agreement or nexum while contracting a loan in which the debtor's person was pledged as security, failure to honor the agreement resulted in debt bondage. Debts incurred due to frequent participation in wars, as well as to meet diverse economic needs, had made indebtedness a chronic peasant problem. Debt bondage had allowed the landed aristocracy to acquire unfree labor for their estates. When the peasants and other poor people were unable to repay their loans they were enslaved.
Another hit economically was that the price of cotton had dropped, which mean the crops that were salvageable had much less value than before putting the southern famers economic state even further damaged. The Farmers and some of their workers grew to strongly dislike and distrust the owners and corporations they did business with. The Populist Party had strong ambitions to overcome just gold coinage, but include with that the use of silver. The farmers found it unfair that there was no chance for them to improve their standings, with just the Democratic and Republican parties. In the late 1880’s, the Southern Farmers Alliance held a conference with the National Agricultural Wheel to unite the two groups into one.
The Grapes of Wrath, written by John Steinbeck, took place during the Great Depression, a period in which business activity in the United States was impeded. Farmers had to work even harder to produce and pay off their debts, and when the depression hit, many of these farms were taken by the banks. Because they had no choice to stay, the farmers were forced to migrate with their families to the West in search for opportunities and jobs. In these desperate times, specific gender roles are quickly diminishing, which is shown through the Joad family. The men, focusing on supporting their family and finding work, also are helping out with womanly tasks.
During a war, Plebeians would be forced to abandon their farms, or their farms would be sacked by the opposing army. When the war was over, and the Plebeians returned to their farms, they were in ruin. The Plebeians would be forced to borrow money from the Patricians to rebuild their farms. The problem is that the interest on the loan was often too high for the Plebeians to pay back, and the Plebeian would often go deep into debt. The debtor, the Patrician lending the money, could take them to court, get a judge to rule that they must pay them back by becoming their slave, and confiscate the land the Plebeian owned.
In Addition to maldistribution stood the credit structure of the economy, some farmers were in deep land mortgage debt, so they lowered their crop prices in order to regain credit, and because the farmers were no longer accountable for what they owed banks. Across the nation the banking system found themselves in constant trouble. In America both small and large bankers were concerned for their survival, so they began investing recklessly in stock markets and granting unwise loans. These unconscious decisions would lead a large consequence, such as families losing their life savings and their deposits became uninsured. “ More than 9,000 American banks either went bankrupt or closed their doors to avoid bankruptcy between 1930 and 1933.”Although
Many thought that these businesses were trying to get every penny that they possibly owned out of the farmers. The farmers felt that they were paying more and more to take loans and borrow money, to buy farming necessities and to sell their crops. The prices that had for the crops was degrading dramatically.
Moreover, the South thought that they suffered economically from the Union. They complained that the various charges that “added some 20 percent to the cost of cotton and other commodities went into the pockets of northern merchants…” It resembled the colonists’ complaint on the Navigation Acts, which gave British merchants monopoly on trades. Also economically, the South suffered because of the various bans on slavery. Davis said, “plantation slavery rapidly wear out soil, the South needed fresh land for an expanding population.” The South felt that they had lost much fortune because of the federal government. Similarly, the Proclamation of 1763 also prevented the Americans from acquiring new land.