When farmers incomes fell due?Asked by: Steve Turner | Last update: 18 June 2021
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When farmers' incomes fell due to low prices in the 1920s, they Sold land, a lot and generally headed into cities or to California as they were unable repay their loans.View full answer
Keeping this in mind, When farmers incomes fall due to low prices in the 1920s they Brainly?
The correct answer is B) were unable to repay their loans. When farmers income fell due to the low prices in the 1920s, they were unable to repay their loans. The Great Depression had a terrible impact on all the sectors of the American economy.
Additionally, What happened to farmers in the 1920s?. Crisis of the 1920s and 1930s
By June 1920, crop prices averaged 31 percent above 1919 and 121 percent above prewar prices of 1913. Also, farm land prices rose 40 percent from 1913 to 1920. Crops of 1920 cost more to produce than any other year.
Also question is, How were farmers affected in the 1930s?
When prices fell they tried to produce even more to pay their debts, taxes and living expenses. In the early 1930s prices dropped so low that many farmers went bankrupt and lost their farms. ... Some farmers became angry and wanted the government to step in to keep farm families in their homes.
What happened to farmers in the 1930s and what was it called?
Natural disasters made the problems worse. From 1930 onwards, farmers in the Midwest were hit by a series of droughts, which eventually created the Dust Bowl of 20 million hectares of land. ... Farmers in the Tennessee Valley had their crops and topsoil washed away by floods.
American] and international agricultural prices had been falling since the mid-1920s, capacity having grown faster than demand.” ... had been growing slowly, as the consumption of agricultural products was price- and income-inelastic, and the European population was in- creasing much more slowly than before the war.
There were many aspects to the economy of the 1920s that led to one of the most crucial causes of the Great Depression - the stock market crash of 1929. In the early 1920s, consumer spending had reached an all-time high in the United States. American companies were mass-producing goods, and consumers were buying.
Chili, macaroni and cheese, soups, and creamed chicken on biscuits were popular meals. In the 70 or more years since the Great Depression, a lot has changed on the farms of rural America. All of these changes have resulted in farms that usually specialize in only one main crop.
Nevertheless, some 750,000 farms were lost between 1930 and 1935 through bankruptcy and foreclosure.
The one-two punch of economic depression and bad weather put many farmers out of business. In the early 1930s, thousands of Dust Bowl refugees — mainly from Oklahoma, Texas, Colorado, Kansas, and New Mexico — packed up their families and migrated west, hoping to find work.
Farmers were also badly affected by the introduction of mass production. As farmers produced more produce using their new machines the price of their crops dropped. This was caused by producing more food than was needed by the population. This surplus of food was called 'overproduction'.
 For farmers growing crops for biofuels or cotton and other fibers, sharp reductions in demand for fuel and clothing tanked prices for their goods, leaving business plans in tatters.  Rising unemployment rates and tightening household budgets continue to constrict food consumption and the prices farmers receive.
Government intervention in the early 1930s led to “emergency livestock reductions,” which saw hundreds of thousands of pigs and cattle killed, and crops destroyed as Steinbeck described, on the idea that less supply would lead to higher prices.
When farmers' incomes fell due to low prices in the 1920s, they Sold land, a lot and generally headed into cities or to California as they were unable repay their loans. Hope this helps!
The answer is: 2 It helped them produce more crops.
After the world war I, the effect of industrial revolution started to spread across europe and north American countries. The development allow the farmers to produce the crops in higher quantity with significantly lower time and cost.
d. widespread drought and crop failure.
They were a cheap way to have a meal and feed a family. ... One of these meals was called the Poor Man's Meal. It combined potatoes, onions, and hot dogs into one hearty, inexpensive dish, which was perfect for the hard times people had fallen on.
Crop prices fell, and the debts of farmers increased. The depression added more woes to the lives of farmers. As crop prices fell, the income of farmers also decreased. They could not pay their debts and had to borrow more money to survive.
With the Great Depression, many families lost their farms and migrated to urban areas in search of work and aid from President Franklin D. Roosevelt's New Deal government programs. With record unemployment, children competed for jobs with their elders in an effort to make a contribution to their families.