Economic Developments: Developments in Agriculture

Question 1

What percentage of the worlds cotton was produced by the USA in 1913?

Answer 1

22.5%

Question 2

What percentage of the worlds grains were produced by the USA in 1913?

Answer 2

9%

Question 3

What percentage of the worlds dairy and meat was produced by the USA in 1913?

Answer 3

6.3%

Question 4

What economic difficulties did farmers face in the early 1890s?

Answer 4

The 1893 Depression

Question 5

Why did farmers struggle with the volatile economy in the 1890s?

Answer 5

Because they were not sure if they were charging profitable prices for their products

Question 6

What percentage interest did farmers often have to pay on loans they took out?

Answer 6

300% interest

Question 7

What happened in the late 1880s with farming which continued to affect farmers in the 1890s?

Answer 7

There was a long term drought in the late 1880s

Question 8

Why did credit decrease heavily after 1893?

Answer 8

Because a depression had occurred