Problems in Farming Flashcards

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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
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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
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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
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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
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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)
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