Farmers compete w/ low prices of wheat in Argentina, Russia, etc (1880s) (30 juill. 1880 – 1 janv. 0)
Description:
Once farmers bound to one-crop economy, same leaky boat w/ S cotton growers, Standard of living dependent on prices; Grain farmers couldn’t control own destiny, price of product determined by world output, Compete w/ wheat fields in Argentina, Russia, etc → prices fall if they do well, Low prices & deflated currency worried farmers in N, S , and W; Debt in 1890 - wheat fell to 50 cents a bushel, had to pay back more w/ interestAjouté au bande de temps:
Date:
30 juill. 1880
1 janv. 0
~ 10 years