Wednesday, October 19, 2011

Farmers and their troubles

                Farmers had a terrible time between 1900 and 1920. Everything was harder because no one really wanted to help them. They faced many problems including low crop value, being in debt, and being broke. Everything started to cost more, which made farmers raise their prices and people didn’t want to buy the expensive crops.
                One of the main reasons crop prices went up, was because of the shipping rates. They went far up and farmers just couldn’t compete with that. Farmer needed more money and they wanted more money to go into circulation. If there is more money, the prices of the crops would go down and they debt would go down.
                Consumers were not a big fan with putting more money into circulation. It meant prices of other items would go up, and many consumers didn’t have a lot of money. One person knew what farmers was  going through and he explained his situation that using gold as currency would sooner or later backfire and people would “die out”. Farmers had that exact same feeling and made sure that gold was not going to be a form of currency.
After a few years and after railroad company’s lowered the shipping prices, farmers finally had more control over their crops. They could set the prices lower and but more seeds for the next season. They could pay of their debt and loans. This all helped people everywhere have cheaper food.

No comments:

Post a Comment