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Agricultural Recession Of The 1980s
The United States experienced a major farm crisis during the 1980s. By the mid-1980s, the crisis had reached its peak. Land prices had fallen dramatically leading to record foreclosures. Farm debt for land and equipment purchases soared during the 1970s and early 1980s, doubling between 1978 and 1984. Other negative economic factors included high interest rates, high oil prices (inflation In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of curre ...) and a strong dollar. Record production led to a fall in the price of commodities. Exports fell at the same time, due in part to the 1980 United States grain embargo against the Soviet Union. The Farm Credit System experienced large losses, which were the first losses since the Great Depression. The price of farmland was a significant factor. Cred ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
Farm Crisis
A farm crisis is an American term for a time of agricultural recession, low crop prices and low farm incomes. The Interwar farm crisis was an extended period of depressed agricultural incomes from the end of the First to the start of the Second World War. The most recent US farm crisis occurred during the 1980s File:1980s replacement montage02.PNG, 335px, From left, clockwise: The first Space Shuttle, ''Space Shuttle Columbia, Columbia'', lifts off in 1981; US president Ronald Reagan and Soviet Union, Soviet General Secretary of the Communist Party of ....Bob McBride. "Broken Heartland: Farm Crisis in the Midwest", ''The Nation'', v242 February 8, 1986, 132-133. References {{reflist Agricultural recessions Recessions in the United States ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |