What was one cause of declining agricultural prices prior to the Great Depression?
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Wisesayer makes sense.  Note: the Smoot-Hawley Act killed free-trade.  Farmers would have lost the 'world markets' for their products.  The net result would be a temporary oversupply of farm products in the U.S.  This would quickly result in bank loan foreclosures on the insolvent farmers who couldn't sell the products of their labor for a profit.  Destruction of free trade was an important piece of the downward economic spiral the government created for depression era Americans (and the world).\n\nThe question is, have we learned anything?  Bush, in his first term signed  laws that again limited some free trade (steel, lumber and possibly cattle tariffs).  I am not a supporter of much of what Clinton did as President, but the one economic issue he 'got right' was his strong support of free trade.
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He was president when the great depression started, I remember my dad talking about it and said he was at least partally to blame by his fiscal policys. Hey Bush take a lesson here supply side economics does not work, never has never will.
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down as the new crop starts hitting the market
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The second big hike in oil prices (the first was in 1973) came too late to save it.\n\nBut there were other signs of internal instability: Chernobyl, other environmental disasters, problems with new technology (communications, computerization), misuse of resources, probably bad investment decisions and plant depreciation.\n\nSome of these illnesses are seen in the corporate world too -- leading to bankruptcies; and in local government. Arrogance and greed and waste are endemic in socialism but scarcely unknown in the West. Think of (Red) Ken Livingston. And George W. Bush. In the sense that the latter two have refused to take advice, and got or will get their comeuppance: Ken in his Olympic madness and his £25 congestion charge; George in his Iraqi war and his depletion of the Treasury, indebtedness to China and incipient weakness of hte currency.\n\nNo country or city is immune to implosion, even if it's not on the scale of the collapse of the Soviet empire.
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Those are very different questions.\n\nThe first I'd say WWI, the widescale adoption of the automobile, the general rise of automation and the decline of small-plot agriculture, the great depression, the new deal, and WWII.\n\nThe second I'd say probably the loosening of immigration restictions, the exodus from Europe preceeding the two world wars, and the rise of the united states as a world superpower.
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There is a big difference between the Stock market crash of 1929 and the following decade now called the Great Depression.  The market fell due to failure to realize the bubble of imaginary cash that was supporting it.  No real money was lost in the crash, just perceived money: about $30 billion worth.\nThe Great Depression, on the other hand, was a decade of slow economic growth due to high unemployment (up to 33 percent).  Real wages were being lost, real value of products low and real estate values dropped as well.\nThe Real Gross National Product (GNP) fell one third of its 1928 high.  Some estimate this translates about $50 billion of unrecovered value.
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when government subsudizes a certain sector, that reduces the cost of production of the good. that leads to increase in world supply and price eventually falls, assuming demand does not change.
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I'm sure you could probably find it on wikipedia.com or something.\n\nBut to 4A:\n\nThe Great Depression resulted in a more secure way to organize the U.;S. economy in the furture.  Like they have to check to make sure stocks are worth what they are selling for or something like that.  People would get all of their money back if there was another depression instead of totally losing it all.
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Why don't you simply google "stock market great depression" and see what you get. I just did and there is a ton of info. out there.
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Ha ha u stink, my teacher was a softy, we just finished reading of mice and men and he never gave us h.w.\nThe farm depression of the 1920s:\nGreat Depression in the United States, worst and longest economic collapse in the history of the modern industrial world, lasting from the end of 1929 until the early 1940s. Beginning in the United States, the depression spread to most of the world’s industrial countries, which in the 20th century had become economically dependent on one another. The Great Depression saw rapid declines in the production and sale of goods and a sudden, severe rise in unemployment. Businesses and banks closed their doors, people lost their jobs, homes, and savings, and many depended on charity to survive. In 1933, at the worst point in the depression, more than 15 million Americans—one-quarter of the nation’s workforce—were unemployed.\n\nThe depression was caused by a number of serious weaknesses in the economy. Although the 1920s appeared on the surface to be a prosperous time, income was unevenly distributed. The wealthy made large profits, but more and more Americans spent more than they earned, and farmers faced low prices and heavy debt. The lingering effects of World War I (1914-1918) caused economic problems in many countries, as Europe struggled to pay war debts and reparations. These problems contributed to the crisis that began the Great Depression: the disastrous U.S. stock market crash of 1929 (see Black Monday), which ruined thousands of investors and destroyed confidence in the economy. Continuing throughout the 1930s, the depression ended in the United States only when massive spending for World War II began.\n\nThe depression produced lasting effects on the United States that are still apparent more than half a century after it ended. It led to the election of President Franklin Delano Roosevelt, who created the programs known as the New Deal to overcome the effects of the Great Depression. These programs expanded government intervention into new areas of social and economic concerns and created social-assistance measures on the national level. The Great Depression fundamentally changed the relationship between the government and the people, who came to expect and accept a larger federal role in their lives and the economy.\n\nThe programs of the New Deal also brought together a new, liberal political alliance in the United States. Roosevelt’s policies won the support of labor unions, blacks, people who received government relief, ethnic and religious minorities, intellectuals, and some farmers, forming a coalition that would be the backbone of the Democratic Party for decades to come.\nSorry- this is the best I can find for education during the 1930s:\nEconomics dominated politics in the 1930's.  The decade began with shanty towns called Hoovervilles, \nnamed after a president who felt that relief should be left to the private sector, and ended with an alphabet soup of federal programs funded by the national government and an assortment of commissions set up to regulate Wall Street, the banking industry, and other business enterprises. The Social Security Act of 1935 set up a program to ensure an income for the elderly. The Wagner Act of 1935 gave workers the legal right to unionize.  John L. Lewis founded the Congress of Industrial Organizations (CIO) and conditions for blue-collar workers improved. Joseph P. Kennedy, a Wall Street insider, was appointed Chairman of the Securities and Exchange Commissions.
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Pick up The Economist magazine newspaper sometime.\nHigh commodity prices are bad for peacelovers because it gives bad people in poor places an oppurtunity to exploit and have money to work with. This is the case with Hugo Chavez right now in Venezuela. If oil prices were to plummet he wouldn't  have anything to leverage against countreis. Falling oil prices played a very big part in the fall of the soviet union. Food is an excellent case in point, If global warming begins to affect crops in a drastic way and we get less production from the major farming areas of the world food then becomes a more unstable commodity. The reason that places like Venezuela don't stay the least bit powerful during price decrease is that unwise dictators aren't investing money in other forms of commerce such as manufacturing, tourism or the like to help sustain a strong economy. As far as tolerance is concerned, the people of the world are far too intolerant of different religions and the people who suffer are the people who are tolerant like France last summer, or us on 9/11. Religion is the root of all problems, although it solves alot of problems for people too.
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Maycomb County, Alabama\n1930's, during the Great Depression
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cause - no money\neffect - less money because of loss of job\n\nWhat Caused the Great Depression?\n\nThere are several explanations for what happened but the most obvious conclusion is that it was the confluence of several shortsighted and commiserating factors. Three main themes emerge: historical factors, central bank policies, and political decision making. For the purposes of this discussion the focus will be on the United States.\n\n \n\nThe US in the 1920's: Buying into the Boom\n\n \n\nThe 1929 stock market crash marked the beginning of the Depression. Prior to the crash the stock market had been an important source of funding for industry; thus the crash itself was a contributing factor to the downturn as well as a harbinger of things to come. Since stock prices are based on estimates of future earnings potential, the stock market performance of the 1920's tells a story of runaway optimism for the future. When it peaked a few weeks before the crash, The Dow Jones had risen 597% over the previous 8 years. It was soon to become a symbol of runaway pessimism.\n\nThe freeing of capital from government use to commercial use following World War I caused commodity prices to inflate. In 1920, Ben Strong of the US Federal Reserve Bank of New York raised interest rates sharply to prevent inflation. This caused a recession and the stock market to fall. Once hard assets like commodities and real estate were no longer rising in price, money began to pour into stocks and bonds. The Dow started climbing from its low at 63.90 in 1921 and rose 150% over the four years to 1925. \n\n \n\nAccording to Ron Chernow, in "The House of Morgan", It was in 1925 that Ben Strong made a secret commitment to Montague Norman, Governor of the Bank of England, to help England reinstate the Gold Standard. This action would later be shown to have undermined the British economy but the Pound had been the main medium of international exchange at that time and it was felt to be in everyone's interest to have it be exchangeable for gold. With moral support from the US Treasury, Strong chose to help strengthen the value of the Pound by depressing US interest rates. This depressed the value of the US Dollar and caused the already robust economy to boom. \n\nIt was suddenly cheaper to borrow money to invest in the stock market (called margin investing). Since the Dow had risen steadily since 1921, "small investors leapt giddily into the stock market in large numbers". The margin requirement at that time was only 10%, meaning you could buy $10,000 worth of stock with only $1,000 down, borrowing the rest. With artificially low interest rates and a booming economy people and companies were more apt than ever to invest in grandiose business expansions and over-priced stocks. Mergers and acquisitions soared. \n\nIn 1927, Britain ran into trouble with its gold standard again and Ben Strong lowered US interest rates in sympathy for a second time. This ignited the boom into the speculative frenzy that brought the market to its peak on September 3, 1929. It was like pouring gasoline onto a fire - the flames rose up, no lasting fuel was added, but the economy sure looked great. \n\nBen Strong died in October 1928. George Harrison, his successor immediately lobbied for higher interest rates to cool the speculative fervor. Rates were finally raised 1% in August of 1929, but by then it was way too late. The Dow peaked at 381.17. \n\nThe market and the economy had buoyed itself from one source of hope to the next for a whole decade. First it was the end of war-related inflation and booming exports for war reparations, next artificially low interest rates in 1925 and 1927 and booming exports due to a reduced value of the Dollar vs. the Pound. There were major tax reductions instituted by the Republicans under Hoover and finally in June of 1929 an international accord was struck with the Germans (albeit short-lived) over the financing of war rep
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It was an 85% decline. That is the dollar amount also. \n\nWhat you're asking for is the dollar amount of the stock market at that time, then you would already know how much it was after the crash. You can do simple math, correct?\n\nThe day of the crash was a big decline, but nothing compared to the three years that followed. Which time frame do you prefer? Black Monday was also followed by Black Tuesday. How about the Black Thursday preceeding? Your question is not precise enough for a precise answer.\n\nThe weeks and months leading up to October 28, 1929 was a time of cheap interest rates, unstable margin rates, and speculative frenzy. \n\nThe "wealth" you refer to was mostly paper profits, not money. It seems you are using a TV Talking Head to define your terms. Money in the banks also got wiped out during the Great Depression, but not on the day you are referrring to.  And how much "wealth" was obtained on margin (borrowed) prior to Black Monday? How much was short?  As it stands, your question is really irrelevant. \n\nOne day is a flash in the pan. How much wealth was wiped out in the Great Depression that followed? Now, what about worldwide? That was the biggest wipeout of wealth in the history of mankind, and let's hope it's never repeated.
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http://www.wesleyjohnston.com/users/ireland/past/famine/agriculture_pre.html\n\nhttp://www.onderzoekinformatie.nl/en/oi/nod/onderzoek/OND1276918/\n\nhttp://www.sare.org/highlights/2006/farm_systems.htm
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Some would say that it wasn't economic policy. The problem was one of overproduction combined with the inflated values of stocks. \n\nThe policies of Hoover and Roosevelt differed little. FDRs was more of a PR campaign. For all Roosevelt did, his policies affected little change in the economy. \n\nPerhaps it can be said the the use and issuance of credit was a leading economic factor.
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During the 1920's in the US the economic boom lead to a great number of investors in the stock market. The laws applying to the purchase of stocks allowed for the purchase of stock on margin.  This meant a small amount of money was put down and the rest was held on credit.  Much of the debt was foreign, in loans to European nations who were struggling to recover from World War I. The market did not generate sufficient cash to meet the increased value of stocks.  As the investors took "profits" the market became more and more strapped for cash.  When US banks tried to call in foreign loans the nations were unable to pay. The lack of cash resulted in the rapid decline of stock values and lead to the crash of 1929, bringing about a world wide economic depression in which many people lost all they had.