15h 36min, apr 3, 1920 y - Too much cotton
Description:
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 30sAdded to timeline:
Date:
15h 36min, apr 3, 1920 y
Now
~ 106 years ago