Farmers were forced to by expensive machinery to increased crop production, which were sold at low prices and caused even more debt..In a vicious circle, their farm machinery increased their output of grain, lowered the price, and drove them even deeper into debt. In 1890, many farmers lost land due to mortgages. Farmer then began sharecropping in order to survive. Water scarcity and over-used land made it hard for farmers to pay local taxes. Farmers were hit with barbarous trust like the harvester trust, the barbed-wire trust, and the fertilizer trust.
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.
Economic or type of economy- The west relied more on agriculture than any other place because it was the most efficient. The area was not very equipped to be based off of industrial improvement, so they ran off of natural resources for quite awhile. Population Change- The ever-growing railroads drew in many immigrants from china looking for jobs. Industrial expansion was not supported much in the flimsy western population. Transportation- In the year 1869 the transcontinental railroad was completed and the United States ' coast was at last linked together.
During the years 1880-1920 there were many issues because of urbanization and industrialization. The industrial revolution brought many new job opportunities with low wages making companies focus on women and children. These opportunities were available but at a cost, they were paid less and they were forced to work up to ten hours. The industrial giants made labor a tough and unfair lifestyle. They wanted more riches, but they were making people suffer in order to obtain the money.
Especially in the south, were many plantation owners lost their workforce. They would now either be forced to pay their laborers or sell their farms, neither of which they were partial to. Out of this came sharecropping, where landowners gave laborers a house, and land, in exchange for a share of their crops. However this system had many issues, the laborers were almost always African Americans with no savings to buy tools, which they would need to buy from the landowners, putting them in debt, and making it difficult for them to become independent. Another result of the end of the war was the Depression of 1873, which raised the unemployment rate to 15% and created greater tensions among the working class in the United States.
There was a crisis in the farming after the war deflationary and the prices dropping, with reduced demand on the same supply. People’s homes where foreclosing due to not be about to pay them. The banks where going bankrupt due to many loans they gave out. The stock market started to crash because people started to borrow money they invested to survive. Depression was a very hard time but it took all these other factor to cause the Great Depression to
Deporting or getting rid of these workers would make the prices to increase in daily products such as milk, vegetables, or fruits. Furthermore, it will also create an issue in industries like construction and hospitality, because then there will be a scarcity of employees. Unlike most most people think, undocumented immigrants do not send all their money to their homeland, they do send money to their countries, for the reason that, they support families. The majority of their money is spent within the United States, and therefore, help the economy. These migrants have dreams, they want to buy a house or a car, they want to help America the same way citizens do, so why not give them the opportunity.
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.
This is shown in, “During the early 1920s, farmers saw several opportunities for increasing their production. New technology and crop varieties were reducing the time and costs-per-acre of farming, which provided a great incentive for agricultural expansion” (“The Great Depression”). Some farmers saw the opportunity to continue to farm with new technology and moved. An issue that arose from this, is that farmers had no money to move or buy equipment and had to purchase them with credit, contributing to the economic crisis. Other farmers tried to stay, but were forced to move, “Many farmers could not maintain their operations and were forced to leave their land.
What will impact raising the minimum wage in Arkansas have on the state? One is that some owners have to find a way to pay their workers a higher pay every hour their workers work. Other things that can impact the state is that the more you make at your job, is the more taxes the government takes away from your check. That’s a problem for the people because they won’t get as much because the taxes the government is taking away from people 's checks. The raising of the minimum wage can have an impact on any business because they cannot keep up with the rise of minimum wage and can 't afford to pay their employees and that could be bad because they can go out of business.
Dukes and kings were forced to bargain with their laborers about working conditions. Moreover, the lower classes could demand for better pay for their services. In some areas, wages rose, doubling within a period of just one year. At the same time, prices of commodities fell because fewer people bought the commodities. Therefore, the middle class lords were entangled between falling revenue and rising production costs.
In the nineteen fifties, the wealth and overall attitude of America seemed to be uplifted. New technology (stemming mostly from the New Deal) for people who worked in agriculture increased their productivity. Though this only applied to large farms, and small farms began to become obsolete; causing the percent of farms in America to plummet by forty percent. Though not all means of production fell. Industrialization made a killing off of the new inventions.