How Successful Was The Agricultural Industry In The 1920's

1)Over production from WW1-

The agricultural industry began to make food faster than it is being consumed and increased food output by mechanising their farms which allows farmers to produce more food but put said farmers in debt. Also land prices began to fall for farmers as a result the agricultural industry began to fail during the 1920’s. which put a lot of people out of work. And as the food supplies go up the demand goes down causing prices to fall even further leaving farms to foreclose this saw unemployment rise and food production to fall at the end of the 1920’s. But as agriculture began to fail. industry boomed with a lot of people buying cars and household appliances as well as other consumer products. But these products were mostly bought on credit. And as production increased the market could not keep up leaving a surplus of consumer products for people who could not afford to buy them

The United States called for the debts to be repaid to keep its faltering economy from sinking to far in debt. Reparation payment loans stopped to Germany, causing an even worse debt increase, unemployment in all the countries involved in WWI skyrocketed, over produced products in countries increased and the worth of the dollar decreased causing deflation and poverty to enclose around many countries and worsening the recession. The dilemma caused by the call for debts to be repaid caused the countries to falter, without the money from the United States; these countries couldn't rebuild causing the inability to buy imported goods from the United States causing President Hoover to place tariffs to high for citizens buy products made in the United States.Making this move was bad for world trade which would have helped countries rebuild quicker. In the end, president Hoover made a critical error in placing tariffs on American