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We have over produced so much to where we are losing money!
New machines such as tractors has made production way more faster!
These postwar economics are making everyone struggle!
We have no money to buy food! We need U.S food!!!
U.S. farmers had been overproducing since World War I.
In order to get the stuff we need, we need to take out a loan! We don't have the money right now!
The use of machinery improved farm technology. Tractors replaced horses and mules.
Many of the European nations were troubled with postwar economic problems, so even though they still needed some U.S. food, they had no money to purchase it.
Farmers had to borrow to buy seed and equipment. Most took out loans against their land and homes. But food prices continued to fall, and by the late 1920s, many U.S. farmers were hopelessly in debt.
They began to miss payments on their loans, weakening their local banks. Between 1921 and 1929 an average of more than six hundred banks failed every year.
Farmers were still producing 800,000 bushels of wheat a year in 1930, and they were generally growing more crops of various kinds than they could sell.
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