Essay on The Great Depression During World War I

Essay on The Great Depression During World War I

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In 1929, the United States economy hit a major hardship that we now know as the Great Depression. After the stock market crash in October, the crisis began and our country’s business activity was at a concerning low. This economic catastrophe plummeted the family income in the years to follow. Aside for just the economy itself, the Great Depression had a major impact on the farming. Families turned to farming as a major way to cope with the tragedy.
This impact on farming began soon after World War I. As a brief analysis of the affects before going further into detail, going into the Great Depression, the government set guaranteed priced on the goods. Mortgages during this time doubled from $3.3 billion to $6.7 billion as farmers rapidly expanded. Soon after implementing the guaranteed prices, the government soon removed them causing farming to produce an excess of supply to the low demand for the product. In the 12 years from 1919 to 1931, the National Farming Income fell from $16.9 billion to $5.3 billion (Moore).
To begin, during World War I, farmers were encouraged to produce a record amount of crops and livestock. Herbert Hoover who was a food administrator during the time, encouraged farmers to continually increase their production rates (Moore). Yet, as the prices to produce their products rose, farmers began to borrow large sums of money to purchase more land and better, newer technology in an attempt to save money on things such as labor costs. Following this, farms continually did not do well, but farmers continually kept planting more and more as an attempt to pay off their debts, taxes and living expenses (Moore).
Due to these overwhelming issues, many farms were foreclosed on, yet, some farmers managed to make thi...


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...es to even afford them. These inexpensive foods were in high demand, the main explanation for the introduction of items such as Spam. There was a need by people for food items like this that were placed in unopened can that did not require refrigeration, along with and indefinite self-life from it being heat-sealed within the tin (Spam). Individuals during this time would put together foods that typically would not go together such as popcorn with milk and sugar, to make a meal all because their main need was to purchase food they could afford and live off of, not that that necessarily enjoyed. That’s why it was essential for the production of the most low-cost and low-priced foods. These families prepared the foods that were cheap and convenient. Overall, the Great Depression drastically affected many people and still has lasting impacts in and on our society today.

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