Farm Foreclosures in the United States During the Interwar Period

Lee Alston

The Journal of Economic History, 1983, vol. 43, issue 4, 885-903

Abstract: Farm foreclosures in the United States during the 1920s and 1930s reached heights never previously or since exceeded. In this paper hypotheses are proposed and tested to account for the cross-state variation in farm foreclosures during the interwar period. Foreclosures are modeled to depend on depressed farm earnings throughout the 1920s and 1930s, optimistic agricultural expansion brought on by World War I, and cross-state variation in mortgage debt structure. The empirical results are consistent with the proposed multiple causal model.

Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jechis:v:43:y:1983:i:04:p:885-903_03

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