Falling Prices vs Rising Costs (1 ene 1865 año – 1 ene 1900 año)
Descripción:
Falling Prices:
1. Expansion of U.S. production and increasing in Canada, Argentina, and Russia
2. pushed prices very low on cotton and wheat
3. supply wasn't quick enough to catch up to the prices
Rising Costs:
1. Farmers victimized of a greater national economy
2. Middlemen take cuts right before selling to farmers
3. Elevators, warehouses, and railroads were the profits left from shipment rates
Añadido al timeline:
fecha:
1 ene 1865 año
1 ene 1900 año
~ 35 years