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Cause of the Great Depression How did WW1 impact the demand for farming in the United States? While it seems to make sense to produce as much of a product as possible, why was overproduction bad for farmers? What role did buying farm equipment on credit have on farmers? Problems with Farms and Agriculture Read the "Farmers Face Challenges After World War l" section on page 518 of your textbook. alo to

Cause of the Great Depression How did WW1 impact the demand for farming in the United States? While it seems to make sense to produce as much of a product as possible, why was overproduction bad for farmers? What role did buying farm equipment on credit have on farmers? Problems with Farms and Agriculture Read the "Farmers Face Challenges After World War l" section on page 518 of your textbook. alo to

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Cause of the Great Depression How did WW1 impact the demand for farming in the United States? While it seems to make sense to produce as much of a product as possible, why was overproduction bad for farmers? What role did buying farm equipment on credit have on farmers? Problems with Farms and Agriculture Read the "Farmers Face Challenges After World War l" section on page 518 of your textbook. Name: Vilanıdu AL.
Transcribed Image Text:Cause of the Great Depression How did WW1 impact the demand for farming in the United States? While it seems to make sense to produce as much of a product as possible, why was overproduction bad for farmers? What role did buying farm equipment on credit have on farmers? Problems with Farms and Agriculture Read the "Farmers Face Challenges After World War l" section on page 518 of your textbook. Name: Vilanıdu AL.
future Distribution, 1929 won ncome a ws o ugho 33% money OTop 5%% of income Earners Remaining 95% of income 67% earners of money earned workforce during the decade in Mechanized farm equipment became more common during the 1920s, but many farmers atill used basic equipment such as this horse-drawn plow. pcome From the overproduction of the struggling farme the underconsumption of the lower-income indus worker, deep-seated problems created ecor instability. Too many Americans did not have e money to buy what they needed or wanted. Gimply became less poor. aw periods of the country's history have so small owed banks and other institutions LA o of rich Americans dominated such a large Americans Rely on Credit For a time, the es of credit partially hid this problem. America automobiles, appliances, radios, and other credit. Using the installment plan, they p percentage down and the rest over a peric or vears. By the end of the decade, 80 pero and 60 percent of cars were purchased c the wealthiest 1 percent of the population ekaabout the same amount of money as the bottom 42 percent. loeven Distribution of Wealth Creates Problems Thie uneven distribution of the nation's wealth problems. More than 60 percent of l American families had yearly incomes of less than 2000 per year. In contrast, 24,000 of the country's credit. making such stock purchases on marg Americans accumulated more debt. In had feared debt and put off buying goc all of the cash to pay for those items. America's struggling farmers first and hardeet created Americans even bought stoc A Significant Gap Between the Rich and the Poor Unlike farmers, industrial workers participated in the great national success story. During the 190 their wages rose steadily, as did their dispogahle income. Many purchased Model T Fords along with variety of other consumer products. Though they wers certainly not wealthy, industrial laborers were ina better financial position than their fathers had been a per nalthiest families enjoyed annual incomes of more chan $100,000, which was 50 times more than what most families were earning. But these wealthy families did not eat 50 times more food than lower-income families. The wealthiest households did not purchase 60 times more automobiles or radios or ovens. The rich undoubtedly spent a lot on consumer products. The problem was that the wealthiest few could not buy enough to keep the economy booming. A healthy economy needs more people to buy more products, which in turn creates even more wealth. In this Easy credit changed this behavio But the growing credit burden coulc of Americans living beyond their m before the economy imploded. 2 RECALL What problem did World War I? generation before. But the problem was that while wages rose gradualy worker productivity increased astronomically. Between 1923 and 1929, output per person-hour jumped 2 percent, but workers' wages inched up only 8 percent During that same period, corporate profits from wode output skyrocketed 65 percent. All these figu The gap between rich and poor widened in the 1920s; = wealthy built large homes and began to fill them ch lavish furnishings. way, a bealthy economy avoids underconsumption that pointed to 1920s, the rich economic to became much, much while workers percentage of the total wealth. In 1929, for 4nalyze n 1929 did the 5 percent of earners for? can limit economic growth. The uneven distribution of wealth in the 1920s pointed to an uncertain future for the American economy. US there eigna amassed huge debts doing this, the y husand So of 200 Graphs on in what of total 13.1 Causes of the De
Transcribed Image Text:future Distribution, 1929 won ncome a ws o ugho 33% money OTop 5%% of income Earners Remaining 95% of income 67% earners of money earned workforce during the decade in Mechanized farm equipment became more common during the 1920s, but many farmers atill used basic equipment such as this horse-drawn plow. pcome From the overproduction of the struggling farme the underconsumption of the lower-income indus worker, deep-seated problems created ecor instability. Too many Americans did not have e money to buy what they needed or wanted. Gimply became less poor. aw periods of the country's history have so small owed banks and other institutions LA o of rich Americans dominated such a large Americans Rely on Credit For a time, the es of credit partially hid this problem. America automobiles, appliances, radios, and other credit. Using the installment plan, they p percentage down and the rest over a peric or vears. By the end of the decade, 80 pero and 60 percent of cars were purchased c the wealthiest 1 percent of the population ekaabout the same amount of money as the bottom 42 percent. loeven Distribution of Wealth Creates Problems Thie uneven distribution of the nation's wealth problems. More than 60 percent of l American families had yearly incomes of less than 2000 per year. In contrast, 24,000 of the country's credit. making such stock purchases on marg Americans accumulated more debt. In had feared debt and put off buying goc all of the cash to pay for those items. America's struggling farmers first and hardeet created Americans even bought stoc A Significant Gap Between the Rich and the Poor Unlike farmers, industrial workers participated in the great national success story. During the 190 their wages rose steadily, as did their dispogahle income. Many purchased Model T Fords along with variety of other consumer products. Though they wers certainly not wealthy, industrial laborers were ina better financial position than their fathers had been a per nalthiest families enjoyed annual incomes of more chan $100,000, which was 50 times more than what most families were earning. But these wealthy families did not eat 50 times more food than lower-income families. The wealthiest households did not purchase 60 times more automobiles or radios or ovens. The rich undoubtedly spent a lot on consumer products. The problem was that the wealthiest few could not buy enough to keep the economy booming. A healthy economy needs more people to buy more products, which in turn creates even more wealth. In this Easy credit changed this behavio But the growing credit burden coulc of Americans living beyond their m before the economy imploded. 2 RECALL What problem did World War I? generation before. But the problem was that while wages rose gradualy worker productivity increased astronomically. Between 1923 and 1929, output per person-hour jumped 2 percent, but workers' wages inched up only 8 percent During that same period, corporate profits from wode output skyrocketed 65 percent. All these figu The gap between rich and poor widened in the 1920s; = wealthy built large homes and began to fill them ch lavish furnishings. way, a bealthy economy avoids underconsumption that pointed to 1920s, the rich economic to became much, much while workers percentage of the total wealth. In 1929, for 4nalyze n 1929 did the 5 percent of earners for? can limit economic growth. The uneven distribution of wealth in the 1920s pointed to an uncertain future for the American economy. US there eigna amassed huge debts doing this, the y husand So of 200 Graphs on in what of total 13.1 Causes of the De
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The 1920s were a difficult time for the farmers in America. During this period, the American workforce was more focused on farmers. Framers were forced to produce more food and the situation got worse.

Costs became too high and farm incomes were unmanageable. People suffered a lot due to the high-cost rates.

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