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 paper 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 1919-1921, 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 InfoPaper provided by Universidad Carlos III, Departamento de Historia Económica e Instituciones in its series Working Papers in Economic History with number dilf0502.
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Other versions of this item:
- Federico, Giovanni, 2005. "Not Guilty? Agriculture in the 1920s and the Great Depression," The Journal of Economic History, Cambridge University Press, vol. 65(04), pages 949-976, December.
- NEP-AGR-2006-08-12 (Agricultural Economics)
- NEP-ALL-2006-08-12 (All new papers)
- NEP-HIS-2006-08-12 (Business, Economic & Financial History)
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