Problems in Farming Flashcards
1
Q
How did the rise of the automobile industry affect older insutries?
A
- Became primary means of transport
- Decline of industries related to horse transportation
- Unemployment
2
Q
How did over-production affect farming in the 1920s?
A
- Prices fell
- Production increased while demand decreased
- Worse with the recovery of agriculture in European countries
3
Q
What role did the Fordney-McCumber Act play in the farming crisis?
A
- Worsened
- Other countries retaliated by imposing tariffs on US farm products
4
Q
What challenges did the coal industry face in the 1920s?
A
- Competition from oil and electricity
- Violent labor disputes over wages and union rights
5
Q
How did President Coolidge impact farmers?
A
- Vetoed bills: constitutional right to reject decisions
- e.g. McNary-Haugen Bill which intended to support farmers (ultimately left without government assistance)