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Created with Fabric.js 1.4.5 Farmers Duringthe 1920's: Statistics on Income and Foreclosures 2% to 9% 75% 2 in 5 40% Farmers Farms and Households withElectricity from 1920 to 1929. Crop and Livestock Prices dropped by Average Americans Farmers in the 1920's Helda Mortgage 35% to 68% Average Households withElectricity from 1920 to 1929. during the Great Depression A Farmer's Income Was of a City Worker's.By 1930, the Income Dropped to 30% 1) Farmers loanedmoney from banks to buy equipment tosupply food in WWIfor the Allies.......... 2) After WWI, ForeignNations recovered from the war and producedtheir own crops and livestock........ 3) Farmers overproducedgoods, and foreign countries don't buy American products,and prices fell. Farmers' incomes dropped, and couldn't pay their loans... 5)Banks put many of the farms to foreclosure.Families were oftentimes kicked off their land witheverything lost. Those whocould pay off the loans saggedalong in society, precariously... 4)Farmers defaulted, which hurt the bankingindustry.Between 1920 and 1929, more than 5,000 of the country's 30,000 banks failed... www.americanhistoryusa.com-http://www.digitalhistory.uh.eduhttp://www.shmoop.com/http://www.farmcollector.com/ Foreclosure rate between 1913 and 1920 was 3.2 per 1,000 farms.17.4 per 1,000 farms in 1926. By 1933, reached 38.8 per 1,000 farms. By: Jason Liang During 1933, at the height of the Great Depression, more than 200,000 farms resorted to foreclosure. The Farmers Didn't Make Much Noise During the Roaring 20's.....
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