User:Jacob Rusnock/sandbox

Future Edits Notes/Outline

Details (1920's)

• Commonly believed to be onset by WWI
• At the onset: High market supply, high prices, incomes were favorable (opinion), credit was available for producer and consumer
• Fiscal policy continued inflationary policy
• in June 1920, crop prices averaged 31 percent above 1919 and 121 percent above prewar prices of 1913
• Farm land prices rose 40 percent from prewar 1913 to 1920
• Crops of 1920 cost more to produce than any other year
• Overall, agriculture moved forward until 1920
• Price break began in July 1920
• Farmers were squeezed between decreasing agricultural prices and steady industrial prices.
• By 1933 Cotton was only 5.5 cents per pound instead of the 1909-1914 average of 12.4 cents per pound. Corn was down 64.2 cents to 19.4 cents per bushel. Hogs declined from $7.24 to $2.94.
• see Dust Bowl

Reformation

• Introduction of price floors by the Food Administration (during war times)
• Attempts to form farmer's union
• The Agricultural Marketing Act of 1929 intended to bring government aid to cooperatives. Allowed the Federal Farm Board to make loans and other assistance in hopes of stabilizing surplus and prices.
• Agricultural Adjustment Act (AAA) aimed to bring back pre World War 1 Farmers' abilities to sell farm products for the same worth they were able to buy non-farm products. The Act involved seven different crops: corn, wheat, cotton, rice, peanuts, tobacco, and milk. Farmers were paid to not plant those seven crops, thus decreasing supply and returning to market equilibrium.
• In order to prevent noncooperative farmers from taking advantage of other farmers decreasing supply the bill states "is to keep this noncooperation minority in line, or at least prevent it from doing harm to the majority, that the power of the Government has been marshaled behind the adjustment programs" In other words,the benefits from payments to cooperative farmers were designed to be more beneficial than being noncooperative and flooding the market.
• AAA ultimately enacted on May 12th, 1933.
• AAA deemed unconstitutional on January 6th, 1936.
• Farm Credit Act of 1933 allowed farmers to re mortgage property
• Other important legislature included Frazier–Lemke Farm Bankruptcy Act

Sources

The International Farm Crisis - Edited by David Goodman and Michael Michael Redclift

Goodman, David, and M. R. Redclift. The International Farm Crisis. New York: St. Martin's, 1989. Print.

• This is a high quality source because it represents a large portion of the information on the topic. Many of the facts are repeated throughout other books.
• This source discusses the differences and the effects of the farm crisis in America and internationally.
• This source tries its best to keep a neutral point of view.

http://psycnet.apa.org/psycinfo/1990-98244-000

Rosenblatt, Paul C. Ames, IA, US: Iowa State University Press Farming is in our blood: Farm families in economic crisis. (1990).

• This comes from a peer reviewed journal.
• It verifies the hardships that families experienced as well as their thoughts on the situation.
• This comes from the point of view of people who experienced the farm crisis of the 80's. I will need to remove myself from their struggle and only accept the facts that they present.

Farm crisis, 1919-1923.

Shideler, James H. Farm Crisis, 1919-1923. Berkeley: University of California Press, 1957. Print.

• This source repeats many of the other facts found throughout other sources I found.Its also a high quality source because it represents a different opinion that will allow me to interpret different perspectives.
• This discusses the price panic of the farm crisis and further social policy following the farm crisis.
• This book has a bias in favor of farmers. I will have to remove this bias and focus on the facts instead of how they looked to support farmers at all times.

Dirt rich, dirt poor : America's food and farm crisis by Joseph N Belden

Belden, Joseph N. Dirt Rich, Dirt Poor: America's Food and Farm Crisis. New York: Routledge and Kegan Paul, 1986. Print.

• This source is high quality because it answers the who, what, where, how and why questions necessary to have a well rounded account of the farm crisis.
• This discusses the social implications and current policy that are in place due to the farm crisis.
• The books point of view focuses on food, which isn't necessary the most important aspect of the farm crisis, but it is an aspect that could contribute to smaller topics of the farm crisis.

The American farm crisis : an annotated bibliography with analytical introductions

• This book only leads me to other sources.

Crisis in agriculture : the Agricultural Adjustment Administration and the New Deal, 1933

Perkins, Van L. Crisis in Agriculture: The Agricultural Adjustment Administration and the New Deal, 1933. Berkeley [Calif.: University of California Press, 1969. Print.

• This is a valid source because it often references specific bills and changes to US legislation.
• Discusses the effects of the Farm Bill, the New Deal, and other administrative decisions on the farm crisis of the 1920's.
• This point of view often criticizes the government intervention, but can easily be worked with because of how often it states facts.

Feedback on Sources

Sources need full citations but look good. Annotations are good.KatieBU (talk) 21:58, 25 October 2015 (UTC)

Thanks for the feed back! I'll make the corrections.