What industrial weakness signaled a declining economy in the 1920s?

i need help on history!
What industrial weakness signaled a declining economy in the 1920s?
What did the experience of farmers and consumers at this time suggest about the health of the economy?
How did the Great Depression affect the world economy?

One Response to “What industrial weakness signaled a declining economy in the 1920s?”

  1. moravianhawk  on September 1st, 2011

    The first signal of the crisis appeared in 1928 in agricultural sector. There were several causes. One of them was out of control of the man, the Dust Bowl that started decimating crops in 1930 onward in the large are of USA and second was a change of international market with agricultural commodities in postwar era. For example, Germany and Austrian Monarchy were the world largest producer of the refine sugar and traded it with USA to obtain grain. The war destroyed relational exchange, and some agricultural product became rather local commodity instead of international. This led to the decline of the numerous large farm holdings in both sides of Atlantic and bankruptcies of the food processing cartels, especially in Europe where sugar, pigs, dairy were traded extensively with USA for corn and grain. The inability of USA to produce sufficient own sugar was also evident in WWII when sugar became rationed by USA government. Additional problem were tariffs as each European country attempt to prompt its own still large farming sector, which led to decline of the international trade with food products.

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