Not guilty?: agriculture in the 1920s and the Great Depression

Giovanni Federico ()

IFCS - Working Papers in Economic History.WH from Universidad Carlos III de Madrid. Instituto Figuerola

Abstract: Agricultural distress in the 1920s is routinely quoted among the causes of the Great Depression. This paper challenges the conventional wisdom. World agriculture was not plagued by overproduction and falling terms of trade. The indebtedness of American farmers, a legacy of the boom years 1919-1921, did jeopardize the rural banks, but the relation between their crises, the banking panic of 1930 and the Great Depression is tenuous at best

Date: 2005-05
New Economics Papers: this item is included in nep-agr and nep-his
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Citations: View citations in EconPapers (7)

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Journal Article: Not Guilty? Agriculture in the 1920s and the Great Depression (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:cte:whrepe:dilf0502

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