Slump in agricultural prices in the 1920s (OCR A-Level History A): Flashcards

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Slump in agricultural prices in the 1920s
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Grain with increased production in 1920s

Wheat (food grains)

Germany: Wheat use under gold standard

Collateral for foreign credit

Period of wheat oversupply

1924-1929

Main wheat exporters (1920s)

US, Argentina, Canada, Australia

US wheat export share (1920s)

22% (second to Canada)

Canada wheat export share (1920s)

38% (dominated market)

Great Plains use in 1920s

Wheat cultivation

Great Plains in 1930s became

Dust Bowl

Cause of Dust Bowl

Large-scale farming & drought

Year of unstoppable wheat price decline

1929

1929 wheat price decline effects

Decreased trade value, panic stock sales (US)

1920s US farming crisis traits

Low crop prices & low farm income

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