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Coping with Twin Shocks

In: Agricultural Policy of the United States

Author

Listed:
  • Stephanie A. Mercier

    (Farm Journal Foundation)

  • Steve A. Halbrook

    (University of Arkansas at Fayetteville)

Abstract

This chapter discusses how American farmers were struck with twin massive shocks over the course of a few years. The first shock was the Great Depression, which started with a catastrophic stock market crash in October 1929, eventually undermining overall demand for agricultural products. The second was the Dust Bowl, a prolonged event which began in 1931, consisting of an eight-year drought combined with an endless series of wind storms which picked up topsoil from several states in the Great Plains and scattered it for thousands of miles. The dominant cultivation practices used in the region, breaking up the perennial grasses and plowing deeply into the ground to plant crops, magnified the impacts of the adverse weather.

Suggested Citation

  • Stephanie A. Mercier & Steve A. Halbrook, 2020. "Coping with Twin Shocks," Palgrave Studies in Agricultural Economics and Food Policy, in: Agricultural Policy of the United States, chapter 0, pages 161-172, Palgrave Macmillan.
    • Handle: RePEc:pal:psachp:978-3-030-36452-6_11
    DOI: 10.1007/978-3-030-36452-6_11
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