Coping with Twin Shocks

Stephanie A. Mercier and Steve A. Halbrook ()
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Stephanie A. Mercier: Farm Journal Foundation
Steve A. Halbrook: University of Arkansas at Fayetteville

Chapter Chapter 11 in Agricultural Policy of the United States, 2020, pp 161-172 from Palgrave Macmillan

Abstract: Abstract This chapter discusses how American farmers were struck with twin massive shocks over the course of a few years. The first shock was the Great Depression, which started with a catastrophic stock market crash in October 1929, eventually undermining overall demand for agricultural products. The second was the Dust Bowl, a prolonged event which began in 1931, consisting of an eight-year drought combined with an endless series of wind storms which picked up topsoil from several states in the Great Plains and scattered it for thousands of miles. The dominant cultivation practices used in the region, breaking up the perennial grasses and plowing deeply into the ground to plant crops, magnified the impacts of the adverse weather.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psachp:978-3-030-36452-6_11

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DOI: 10.1007/978-3-030-36452-6_11

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