all these actions failed because farmers were too poor or in debt due to prior sales. the system was poorly capitalized, prices were too high for farmers, they ended up being victims to business causing the uprising of boycotts. the subtreasary plan succeed this plan helped farmers by giving them loans in order to grow and sell crops. The back and forth communication and strategies not only lead the famers to a political path but it also began the start of the populist party. the populist goals were to make a healthy economy.
The Industrial Revolution brought down the prices of crops produced by farmers, this meant that farmers were not making enough money to pay off their debts. This increasing problem was slowly digging farmers into a hole with what seemed to be no escape. To add on to their everlasting money problems, middlemen and railroad companies were price gouging the farmers. This meant, the companies were asking farmers to pay prices which had been far higher than the actual value of the products needed for the farmers to raise crops. Companies did this, because they knew that farmers could not buy their goods from other businesses due to the fact that there were not any others in sight.
Local markets typically bring in less money than the average store or supermarket. The larger industries are able to keep up with the ever changing regulations, and local farm owners fall so far into debt they are forced to sell their property. Pollan’s essay on the contamination of our nations’ food is very insightful. He has excellent examples, but far too much detail. As any writer knows a proposal writing must contain a solution.
Arising from the Great Depression, an even bigger problem came around the corner. The Dust Bowl affected many farmers and settlements across the land of 100 million acres. The Dust Bowl became known as the “dirty thirties” and became known as the only acceptable US drought. The Dust Bowl lasted 10 excruciating
This inflation also had an effect on agriculture, because the prices of grain fell drastically. Wang Xijue that the Ming government “requires silver for taxes but dispurses little in their expenditure,” and this results in lowered grain prices (Doc 6).
According to Feason in his book, Kansas in the great depression, he said; “Price falls also had a destabilizing effect in the farm community. Farm income was suddenly reduced, and it became especially services for operators holding mortgages who feared the real burden of their debt dramatically increased. Farm closures and the desperate, even violent attempt to prevent them became increasingly common news”, (p.2). This statement is showing how difficult, it was for the farmers and other U.S. firms to export goods. And being that the farmers make up to 1/3 of the nation in the 1930’s, their decrease in export and lack of income had a big severe effect on the nation’s economy.
The Great Depression was a financial and industrial recession that began in 1929. Two long-term causes of the Depression were the overproduction of crops by farmers, which exhausted the land and spurred a huge decrease in crops’ value, and a large number of people buying on margin in the stock market, forcing banks to lose more money than they could afford. President Herbert Hoover, elected in 1928, believed in rugged individualism, which meant there would be no government handouts, voluntary cooperation, where people help themselves and the government only mediates, and that the economy has cycles and therefore the Depression should not be considered dangerous. These beliefs prolonged the Depression because Hoover did not give aid to citizens nor did he attempt to change the economy. When President Franklin
They both also convey the economy at the time. In “Brother, Can You Spare A Dime”, the speaker is shown begging people for money, namely, a dime, while reminiscing the golden times of the past. At the same time, the speaker in “We Sure Got Hard Time” is shown describing the current situation, and while it is unknown if the speaker have a job or not, the song shows how hard it is to find one. The song also describes the economic status of the country. Bacon has gone to a dollar a pound and a well known cash crop, cotton plants, are dropping in value.
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.
The AAA gave incentive to farmers, who agreed to lower their number of produce. This, in turn, would expel most of the inflation caused by over produce in agriculture. Although, however, it gave mostly to the wealthy than the poor, and in some cases in 1933 entire farms were destroyed. F.D.R. also created the Farm Credit Association (FCA), which gave Americans more than a billion
Essentially, suppliers of grain are unable to meet the demand internationally to export their product. Their inability to transport their product in the larger quantities they require was limited by the federal government’s policy on the railway. The farmers and grain companies have been experiencing inefficiencies in the quantity of product they are able to product and move towards buyers. As mentioned in CPE, “When a government intervenes to change price or quantity to a number other than the efficient free market amount, economists say that the government is distorting the market” (pg. 142). To an extent, the market has been distorted in the situation between grain farmers and railway companies.
Farmers were enticed by high prices persuaded farmers to grow a single “cash” crop. Profits were then used to buy food and manufactured goods. In the 1880s, bankruptcy fell into the nation and caused low prices and a deflated currency. As a result, there was not enough dollars to go around and caused debt. Farmers were forced to by expensive machinery to increased crop production, which were sold at low prices and caused even more debt..
The rise and fall of the Populist party all started when farmers from all over the nation gathered together and addressed some common problems that they were facing. Farmers were stuck in a bad economic cycle. Prices for their crops were falling, and unfortunately farmers often had to mortgage their farms so that they could buy more land and produce more crops in order to “flourish”. There was very little suitable land to farm and cultivate and banks were foreclosing on the mortgages of farmers who could not make the payments on their loans. Moreover, the railroads were being taken advantage of farmers by charging excessive prices for shipping and storage.
The prices for the products of farmers were declining, while the shipping rates using railroads rose. Along, with that came difficult and stressful mortgages. Despite the prices declining, they didn’t fall low compared to other commodity prices. On the other hand farmer’s purchasing power was increased. This led to the belief rates were actually falling during this time, which benefitted people shipping out
Sam Brownback, the 46th Governor of Kansas, has one goal in mind and that is to make Kansas the best place for families to grow. However, as of now, Brownback is not able to achieve his goal because he had caused a massive state debt due to cutting taxes. These controversial actions can put Kansas in a dark hole. Brownback was elected again by the Kansas citizens in 2014. Sam Brownback should not have been elected again as the Governor of Kansas because he is cutting money for public schooling, he is increasing the tax rate on the lower class and middle class to make up for his debt, and increasing taxes are causing Kansans to flee.