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The great depression of British agriculture occurred during the late nineteenth century and is usually dated from 1873 to 1896. [1] Contemporaneous with the global Long Depression, Britain's agricultural depression was caused by the dramatic fall in grain prices that followed the opening up of the American prairies to cultivation in the 1870s and the advent of cheap transportation with the ...
The Royal Commission on the Depressed Condition of the Agricultural Interests was appointed by William Ewart Gladstone's Liberal government in 1894 to inquire into the depression in British agriculture. It was chaired by George Shaw-Lefevre and sat until 1897. The commission unanimously agreed that the cause of the depression was a fall in prices.
The U.S. agricultural policy reform was caused by the agricultural and budget pressures combined with the growth in the U.S. economy level and the developments in the agricultural sector. [15] The Crop Insurance Program was first proposed in the 1930s to assist agriculture recover from the Great Depression and the Dust Bowl. [16]
The Farmers' Holiday Association was a movement of Midwestern United States farmers who, during the Great Depression, endorsed the withholding of farm products from the market, in essence creating a farmers' holiday from work.
The Potato Control Law (1929) was based upon an economic policy enacted by U.S. President Herbert Hoover's Federal Emergency Relief Administration at the beginning of the Great Depression. The policy became a formal act in 1935, and its legislative sponsors were from the state of North Carolina. [1]
A history of agricultural policy : chronological outline ( U.S. Department of Agriculture, National Agricultural Library, 1992) online; Ardrey, Robert L, American agricultural implements: a review of invention and development in the agricultural implement industry of the United States (1894) online; a major comprehensive overview in 236 pages.
The term "The Great Depression" is most frequently attributed to British economist Lionel Robbins, whose 1934 book The Great Depression is credited with formalizing the phrase, [230] though Hoover is widely credited with popularizing the term, [230] [231] informally referring to the downturn as a depression, with such uses as "Economic ...
Essays on the Great Depression (2000) Bernstein, Michael A. The Great Depression: Delayed Recovery and Economic Change in America, 1929–1939 (1989) focus on low-growth and high-growth industries; Bordo, Michael D., Claudia Goldin, and Eugene N. White, eds. The Defining Moment: The Great Depression and the American Economy in the Twentieth ...