in the 1920s many small farmers lost their farms due to crop failures and debts what was an effect of the lost farm

Question

History

Guest

16 December, 01:18

in the 1920s many small farmers lost their farms due to crop failures and debts what was an effect of the lost farm

+5

Answers (1)

Know the Answer?

Abbie Price · Answer 1

The agricultural economy of the 1920s experienced an ongoing depression. After expanding during the First War to sell food to Europe, there was now an overproduction as many counties returned to grow their own crops.

There was too much food on the market and farmers could not sell their products. The prices of food were falling and many farmers went into debt.

Between 1920 and 1930, one in four farms was sold and many farmers migrated to urban areas. This lead to the spreading of rural poverty (one-fifth of the American population lived on the land). More than 600,000 farmers went bankrupt. The result of all this was severe agricultural depression with many of the previously prospering farms falling into decay and being sold or abandoned. Where farming was the main industry, like in the South, the already low wages became even lower and the farmers' situation worsened.