The Rise of the Farm Problem The dilemma of the farmer’s place in an industrial society
Characteristics of Post-Civil War Agriculture A. Rapid Expansion of Area 1. Rapid Expansion of the West B. Mechanization 1. Shortages of Labor during the Civil War led to need for mechanization (except in the South) C. Scientific Agriculture 1. Government Programs
The "Little Giant" thresher, like other farm machinery, reduces farm labor needs, but increases capital costsThe "Little Giant" thresher, like other farm machinery, reduces farm labor needs, but increases capital costs
Appearance of the Basic Problem A. Reasons 1. need for capital 2. more settlers 3. Credit B. Form of Debt 1. Real Estate 2. Chattel Mortgages 3. In South-Crop liens
Marketing Problems A. Grain Elevators & Warehouses 1. Farmers at mercy of grain operators and RR’s B. Railroads 1. Predatory Monopolies? Loading a grain steamer at Milwaukee--linking Midwestern farmers with the world economy
Price Problems A. Overproduction B. Inadequacies of Credit System 1. based on gold standard making it “inelastic” C. Deflation 1. Paying back debts in more valuable currency then borrowed
Natural Disasters A. Drought 1. from 1887 on successively dry years 2. Mortgage companies foreclosed on huge tracts of land B. Insects, dust storms, etc 1. added to the misery
Consequences for the Farmer A. Economic Loss 1. other areas of the country prospered while farmers lagged 2. no “free” land left B. Political Loss 1. politics falls into the hands of industrialists after years of agrarian rule C. Social Loss 1. farmers become second class citizens- hayseeds, rubes, hicks etc