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

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.