• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Why did Agriculture not share in the ‘boom’ of the 1920’s ?

Extracts from this document...

Introduction

Why did Agriculture not share in the 'boom' of the 1920's ? Not all people and businesses shared in the prosperity of the 1920's. The worst of the effected was the agricultural industry. There are many reasons as to why agriculture did not share in the boom of the such as falling demand, World War 1, overproduction and increased competition. All of these link together to explain the reasons why agriculture did not share in the boom. At the end of World War 1, America had exported a great deal of it's resources such as wheat, to Europe. Now that the war had ended, Europe was left poor and could not afford much of this trade anymore as the prices were too high. They had become America's main market so this loss of market meant that the businesses selling their resources to Europe lost profit. ...read more.

Middle

The tariffs and competition completely desecrated their business concerning exports to outside of America but within America, they would have problems selling their produce too. During the 1920's, America's population was falling which meant that there were fewer mouths to feed. The overproduction of products such as wheat that was caused by new technology (better machinery such as the combine harvester) meant that there was a surplus amount of product that nobody wanted. People weren't buying as much because of the lack of people and also because the new 'Roaring Twenties' lifestyle was very luxurious and many people now demanded meats and vegetables. The farmers of the 'luxury' products of course did not suffer as badly in fact some prospered. For example, the shipping of lettuce went up by 38,000 crates between 1920 and 1928. The surplus amounts of the other products such as wheat also lowered the value of the product so that even if the Americans were ...read more.

Conclusion

This didn't just effect the prices of cotton but the wages aswell. People were employed to pick the natural fibres and because the business lost profit, wages were cut. The worst effected of these was maize where the price for a bushel went from 45 pence to 10 pence. All of these reasons explain how agriculture did not share in the boom of the 1920's and I think that overproduction is probably the factor that had the largest restricting and devastating effect on agriculture because if it had not happened, the businesses and small farmers would not have been effected so greatly. It wouldn't have lowered the prices even further as it did which was not needed at all because of all the other factors that have been explained and the businesses would possibly have suffered less greatly. All the reasons mentioned though were needed to have such a large scale effect on the agricultural industry during such a prospering time in America's history. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Production - Location & Change section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Production - Location & Change essays

  1. The Role and Importance of Agriculture In the Carribean. Organisations involved in its ...

    Inter-American Development Bank (I.D.B.) The oldest and largest regional institution of multilateral development. The aim is to accelerate economic and social development in Latin American and Caribbean countries. Operations cover the entire spectrum of infrastructure, energy, transportation and urban development. Current lending priorities: poverty reduction, social equity and modernization.

  2. The Relationships Between Human Health and Agriculture

    The Green Revolution is provides evidence of the positive contribution of agriculture to human health and welfare: food quantity and quality produced have increased, making it feasible for the agricultural domain to keep up with the nutritional needs of a rapidly increasing population.

  1. Communist Russia under Stalin, 1928 - 1939.

    However the Five Year Plans were not entirely successful. They placed enormous demands on the people. The unrealistically high targets meant millions of workers lived in extreme hardship, working on the vast projects in the interior of Russia.

  2. The Multiplier effect explained and with examples.

    M4 Corridor, linking many cities and other motorways like the M5 and M11, and continues in the South Wales. In addition, firms located in the Western Corridor are close to railways and such big airports as Heathrow and Gatwick. The figures printed below show the advantages of the South Wales

  1. Importance of Agriculture in Argentina

    They also reduce organic carbon by 7-20%. Without the nitrogen in the soil there is no nutrients in the soil. Resulting in the plants dying. In order for your crops to grow in Argentina you must have a lot of nutrients. Soil erosion can also occur if the soil is very compact and the water is not

  2. Assignment on Computer Integrated Manufacturing

    One major benefit of CIM is the reduction of cost; or rather the reduction in the amount of wasted work. Pioneer Magnetics approach was to look at the non-value-added activities of their business and see if they are worth the cost of doing.

  1. Soil Degradation in Canada

    In 1870 as in pioneer years most Ontario farmers sough to make the most of their short-term returns, and arguments about soil exhaustion, long-term planning, or conservation fell on deaf ears."(1974:142). Increased urbanization and industrialization also re-shaped the landscape, furthering soil degradation.

  2. Is biological pest control better than chemical pest control?

    Chemical control is the use of pesticides. Insects, which eat crops, can be killed with insecticides. Fungi, which grow on crops, are controlled with fungicides. Weeds, which compete with crop plants for water, light and minerals, can be controlled with herbicides; pesticides are usually applied as pellets, powders or sprays.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work