Not guilty? Agriculture in the 1920s and the Great Depression

• 成果类型: Article
• 署名作者: European University Institute
• 刊物名称: JOURNAL OF ECONOMIC HISTORY
• ISSN/ISSBN: 0022-0507
• 发表日期: 2005
• 页码: 949-976
• 关键词: reinterpretation; CRISIS

摘要

Agricultural distress in the 1920s is routinely quoted among the causes of the Great Depression. This article 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 1918-1921, did jeopardize the rural banks, but the relation between their crises, the banking panic of 1930, and the Great Depression is tenuous at best.