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TO WHAT EXTENT WERE THE 1920S A TIME OF ECONOMIC BOOM IN THE
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The Great Depression
FARM SUBSIDIES
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Farmers in the 1920s

Ever since 1919, after the end of World War I, there were no prosperous years to come for the farmers. There are many, complex causes for the farm crisis in the 1920s. One of the reasons is the overproduction and prices of the crops. Other reasons like paying debts, investments in new harvesting and production machinery, being foreclosed by banks, and also because of the Republican presidents vetoing farm legislation. Thus, farmers abandoned their business. Lots of smaller farms were bought and became “factories in the fields”. The prices of the crops were usually high during WWI due to many farms being blown-up, and now they were overproducing after the war and having to repay the long-term loans during the boom. American farmers had bo

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