Not Guilty? Agriculture in the 1920s and the Great Depression
AbstractAgricultural distress in the 1920s is routinely quoted among the causes of the Great Depression. This article challenges the conventional wisdom. World agriculture was not plagued by overproduction and falling terms of trade. The indebtedness of American farmers, a legacy of the boom years 1918 1921, did jeopardize the rural banks, but the relation between their crises, the banking panic of 1930, and the Great Depression is tenuous at best.
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Bibliographic InfoArticle provided by Cambridge University Press in its journal The Journal of Economic History.
Volume (Year): 65 (2005)
Issue (Month): 04 (December)
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Other versions of this item:
- Giovanni Federico, 2005. "Not guilty? Agriculture in the 1920s and the Great Depression," Working Papers in Economic History dilf0502, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
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