7 St. 9 Min, 1 Apr 1920 Jahr - Too Much Cotton
Beschreibung:
Cotton prices at New Orleans peak at 42 cents a pound, prompting Southern farmers to plant the largest crop in history. The resulting overproduction causes a collapse in prices, with cotton falling to less than 10 cents a pound by early 1921. Cotton farmers will toil in near-depression conditions throughout most of the 1920s and 30s.
Zugefügt zum Band der Zeit:
Datum:
7 St. 9 Min, 1 Apr 1920 Jahr
Jetzt
~ 104 years ago