Industrial Prosperity and the Farmer

Industrial Prosperity and the Farmer

Industrial Prosperity and the Farmer

Industrial Prosperity and the Farmer

Excerpt

It has been rather generally assumed that the farmer marches along with other business men and that his fortunes rise and fall with the general tide of prosperity and depression. Recent conditions in the United States have, however, pretty conclusively shown that it is possible for industry to be exceptionally prosperous while agriculture remains in general depression. Is it also possible that we may some day have a period of farm prosperity while industry is in the doldrums? Are these two great divisions of our economic lift closely interwoven, or are they governed by essentially independent streams of economic influence? This analysis seeks to answer one-half of the question, namely, whether the general business cycle exerts an important direct influence upon agriculture. It does not attempt to answer the other half, whether general business fluctuations are, as has frequently been suggested, superinduced by antecedent changes in agricultural conditions.

In this volume Mr. Engberg, who possesses a thorough knowledge of the technical phases of farm organization and management, has assembled the data necessary to test, both analytically and statistically, the effects of industrial changes upon agriculture. He examines the effects of industrial prosperity and depression upon the demand for and price of farm products, and upon the farm-

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