Bipartisan Senate group proposes ‘no fly, no buy’ gun measure

[Classic-Xer]

(05-05-2018, 05:21 PM)pbrower2a Wrote: The distress for small farmers coincides with the consolidation of farming into fewer and larger farms. The giant corporate farms clearly align with the Right, so economic distress for small farmers caused many of them to sell out if they weren't put through bankruptcy.

Economic distress for small farmers was severe in the 1920s; rural areas got burned badly before the Stock Market Crash of 1929. The technology of the tractor raised productivity while cutting crop prices even faster. As you can expect, giant farms can enjoy the benefits of economies of scale.

The banks were all-powerful in rural America, which may have fueled some of the antisemitism in the rural discontent (Banking is not a particularly Jewish activity, Jewish bankers largely confined to banks that have largely Jewish clientele in places of mass Jewish settlement, so the anger is misplaced). Bankers could make a neat profit selling foreclosed property to surviving, increasingly-giant farmers.

Prices can go so low that even the surviving giants get into financial trouble.

Well, as I recall the bulk of that happened during the mid- late 80's and extended into the 1990's. My uncle found himself stuck in the middle of it towards the end of his banking career.