Many farmers lost their land in the 1930s. Whether it was due to the large drought or their financial status, many farmers found themselves without a way to make a living. Daniel Cobalt states: “Other countries and the United States had surplus supplies, creating less demand for agricultural products” (Cobalt, sec. California). As a result of the little need for agricultural products, farmers made little money and therefore had to find other work.
This is driving some farmers out of business. This also leads to a lower social class with no silver to survive (Doc. 3). Document 5 tells us how the lower class in China is suffering because of the dominance of silver. They used to be able to buy things by making “in-kind” purchases (trading goods for goods).
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.
Instead the China-Africa trade has brought some impact on Africa’s market traders and also contributed to poverty. Mercantilism is failing Africa, particularly the SSA. Most of African states are still poor and majority of their citizens still lives in poverty. The trade between China and African is not mutually beneficial, because African states benefit less while China benefit most. Another things that made African states not to benefit most in the trade is that, they export raw material or minerals because they lack means to process those raw material into finished goods and services.
In cities, this smaller population was not only due to the death but also due to people fleeing cities to the rural areas where they may escape death. Less people and the economical problems led to tension between social classes. Many nobles believed that their high position in society was by threatened by the ways the economy was changing and the lower standard of living it created. The tension between classes created many problems and angered many
This was perhaps the beginning of a major change in agriculture that is still an issue today with farmers. This problem is that of large farmers and businesses forcing smaller farmers out of business by lowering the already marginal profitability farming on a small scale. This elimination of small competitors from the field of competition not only eliminated jobs, as shown in The Grapes of Wrath, but also led to the development of monopolies in today’s food industry. Although this is a natural result of capitalism, it cause several inherent problems, the most important is keeping food from being produced and consumed locally, which aids the financial standing of local areas, instead of centralizing it in major corporations. It also allows for the exploitation of laborers due to the lack of competition among different producers for wages and working conditions.
But others note that since these individual are not highly educated, have less resources; and little money; they take advantage of our government system more than others. This causing our National deficient to rise putting our country in a financial crisis; which could have been avoided by requiring them to contribute to the expenses each of us endure. “As a result, many Americans believe that immigrants don’t share an equal burden of the expenses they incur, especially at the local level” (Wood, 2009 as cited in Jones, ASID, IIDA, IDEC, and Phyllis Sloan Allen, 2009, p. 79). But actually this is far from the truth, many immigrants such as us do pay their way through society, paying the same cost as we do as United States Citizens; such as taxes. They take on jobs that others refuse to work, receive little or no training; and given the lowest possible pay scale acceptable by law; even though America promised so much more.
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.
Many citizens found that the policy was an insurance to make the price of money rise. By doing so, farmers found themselves to be on the negative side, unable to benefit from this sudden increase in money. Farmers were one of the few groups that were affected greatly by the Monetary Policy, as they were the ones who lived in an area where money was limited. When government officials helped big industries become profitable “and agriculture less so, banks became increasingly hesitant to lend money to farmers. When they did, it was at a higher rate of interest, making it even more difficult [for farmers] to profit.” Tariffs came around later in the period, causing many farmers to compete with one another for money.
This would also reduce the population density in the cities. They would be able to prosper in the village itself without having to think about migrating somewhere for their livelihood. Rural development in simple terms can be defined as the process of improving the quality of life and economy in the remote and rural parts of the country. These rural areas may be isolated and sparsely populated, but, in most cases, they offer a picturesque natural setting with a rich culture. These areas have generally been dependent on agriculture and natural resources for their economic upturn.