Roaring 20's and the Great Depression (1918-1941)
The Great Depression occurred mainly from the farmers and the overproduction that was involved with it. With farmers facing tough economic times since the 1890's with little to no relief the bubble popped for farmers and the U.S. spun down into the worst economic time it had seen in its entire history. This example shows that farming, even in the 1920's had a great effect in the economy. The carelessness of the government for the farming industry truly showed how farming had less and less of an influence but still had a huge role economically, being the main cause of the Great Depression.
Key Terms:
Robert LaFollette - A supporter of the farmers all over the country, LaFollette was a Senator and called for relief for farmers from monopolies, trusts, and inflation.
Fordney-McCumber Tariff - Taxes on farm products were increased which put more pressure on farmers making it hard for them to prosper and turn around and help the economy. It also made it easier for presidents to change tariffs.
Farm Blocks - Consisting of a group of farmers that made a "union" to protect their rights against big businesses and other problems that would come their way. It helped propel an active movement against the Gilded Age monopolies and show the importance and significance of farmers.
McNary-Haughen Bill - A bill started and supported by the farm blocks that sought to repay farmers that suffered during the Great Depression. It looked to buy surplus goods and export it as a loss to help spur the economy. The fact that this plan didn't pass pulled the America into an even deeper rut for the Great Depression.
Agricultural Marketing Act - A similar act to the McNary-Haughen Bill the Agricultural Marketing Act, passed by Hoover, put money into the farmer's hands to help spur this industry but it did not go far enough to help lessen the blow of the Great Depression.
Agricultural Adjustment Act - It supported the decreasing of cash crops to help American farmers give more essential crops of which there was a greater desire and of which the government was more willing to buy.
Farm Bankruptcy Act - This suspended mortgage foreclosures for three years to help get the American people back on their feet without losing their home.
Dust Bowl - An added burden to those in the Great Plains, the farmers were stuck in a climate nightmare which crippled their economy with droughts even more then there already was.
Great Depression - The worst economic period in all American history it was hard on everyone especially the farmers. As overproduction and tough tariffs raged during the Roaring 20's it ultimately came collapsing causing the Depression to deepen. President Hoover felt as if big businesses, the ones who had hurt the farmers, needed to resuscitate the economy and bring it back to life. However no action and no help for the farmers just propelled it deeper than before.
Robert LaFollette - A supporter of the farmers all over the country, LaFollette was a Senator and called for relief for farmers from monopolies, trusts, and inflation.
Fordney-McCumber Tariff - Taxes on farm products were increased which put more pressure on farmers making it hard for them to prosper and turn around and help the economy. It also made it easier for presidents to change tariffs.
Farm Blocks - Consisting of a group of farmers that made a "union" to protect their rights against big businesses and other problems that would come their way. It helped propel an active movement against the Gilded Age monopolies and show the importance and significance of farmers.
McNary-Haughen Bill - A bill started and supported by the farm blocks that sought to repay farmers that suffered during the Great Depression. It looked to buy surplus goods and export it as a loss to help spur the economy. The fact that this plan didn't pass pulled the America into an even deeper rut for the Great Depression.
Agricultural Marketing Act - A similar act to the McNary-Haughen Bill the Agricultural Marketing Act, passed by Hoover, put money into the farmer's hands to help spur this industry but it did not go far enough to help lessen the blow of the Great Depression.
Agricultural Adjustment Act - It supported the decreasing of cash crops to help American farmers give more essential crops of which there was a greater desire and of which the government was more willing to buy.
Farm Bankruptcy Act - This suspended mortgage foreclosures for three years to help get the American people back on their feet without losing their home.
Dust Bowl - An added burden to those in the Great Plains, the farmers were stuck in a climate nightmare which crippled their economy with droughts even more then there already was.
Great Depression - The worst economic period in all American history it was hard on everyone especially the farmers. As overproduction and tough tariffs raged during the Roaring 20's it ultimately came collapsing causing the Depression to deepen. President Hoover felt as if big businesses, the ones who had hurt the farmers, needed to resuscitate the economy and bring it back to life. However no action and no help for the farmers just propelled it deeper than before.