Changes in Agriculture: Falling Prices; Rising Costs (1 janv. 1867 – 1 janv. 1889)

Description:

Farming became more commercialized towards the end of the 1800s. Farmers began to buy food from stores in the town as consumers and became more reliant on large machines to produce. Farms could not compete with factories and many were driven out of business. Prices for crops such as wheat and corn fell when production in America increased. farmers were faced with high interest rates and the obligation to produce more and pay off debts. Is only caused even more depts, foreclosures by banks, and more farmers being pushed to become tenants and sharecroppers. Rising costs from wholesalers and retailers victimize farmers even further as they took their cut before selling to farmers. Railroads, warehouses, and elevators starts high discriminatory rates for the shipment and storage of grain. Local and state governments also taxed property and land but did not tax income for stocks. This tariff protected American industries and was viewed as a benefit for the industrialist by farmers.

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