Farmers Revolt

Farmers Revolt - 1"Agrarian Myth a Big business moves...

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1. “Agrarian Myth” a. Big business moves towards big labor b. Agrarian people realized that in groups they could rally for change. c. Myth-god was founder of country and farmers made the country what it was. Farmers made the country move west. d. Eventually the farmers position is ended by change. e. Now kids grow up to be business men. f. 48 million acres of land distributed by 1890 g. Homestead act h. Farmer is close to god and self reliant. i. Commercialization of farming with industrialization is undermining farmers self reliance j. Farmers loses influence k. Substantial flow from farms to cities but farming is still important 2. Problems faced by farm sector a. Cost-price squeeze i. They said Price declining because farms are producing too much ii. Not true because people are still starving iii. Because farmer had little control of market iv. Wheat prices drop 50% v. Wheat and cotton buyers are using monopolistic buying b. Credit i. If prices drop, then the farmer can’t pay debt so they need credit
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c. Taxes
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This note was uploaded on 09/20/2009 for the course HIST 2057 taught by Professor Rand during the Spring '08 term at LSU.

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Farmers Revolt - 1"Agrarian Myth a Big business moves...

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