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The U.S. government continued to instill inflationary policy following World War I. [1] By June 1920, crop prices averaged 31 percent above 1919 and 121 percent above prewar prices of 1913. Also, farm land prices rose 40 percent from 1913 to 1920. [2] Crops of 1920 cost more to produce than any other year.
The difference between the higher domestic price and the world price received for the surplus was to be met by the farmers of each commodity in the form of a tax or equalization fee, which would be paid by American consumers in the form of higher food prices. [3] The legislation was before Congress from 1924 to 1928.
The Soviet grain procurement crisis of 1928, sometimes referred to as "the crisis of NEP," was a pivotal economic event which took place in the Soviet Union beginning in January 1928 during which the quantities of wheat, rye, and other cereal crops made available for purchase by the state fell to levels regarded by planners as inadequate to support the needs of the country's urban population.
A precipitous rise in the price of rice caused extreme economic hardship, particularly in rural areas where rice was the main staple of life. [1] Farmers, who compared the low prices they were receiving from government regulation with the high market prices, had tremendous hostility to rice merchants and government officials, who had allowed the consumer price to spiral out of control.
The 1920 federal agricultural census reported that statewide production was 52 tons on 7,009 acres over 309 farms. ... When prices for other commodities collapsed after World War I, sugar beets ...
Johnson describes world history beginning with the aftermath of World War I, and ending with the collapse of Communism in Eastern Europe.. In the first part of the book, Johnson deals mainly with the shaping of the Soviet Union in the first decades after World War I, the collapse of democracy in Central Europe due to the rise of Fascism and National Socialism, the causes that led to World War ...
1920s: The Spanish Flu. In the fall of 1918, a mutated version of the virus that claimed its first victims in the spring made its way around the world, causing the death rate to escalate quickly ...
The 1920s (pronounced "nineteen-twenties" often shortened to the "' 20s" or the "Twenties") was a decade that began on January 1, 1920, and ended on December 31, 1929. . Primarily known for the economic boom that occurred in the Western World following the end of World War I (1914–1918), the decade is frequently referred to as the "Roaring Twenties" or the "Jazz Age" in America and Western ...