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Created with Fabric.js 1.4.5 Farmers in the 1920's statistics onincome andforeclosure in the 1920's Average Farmer Average American in the 1920's Farmers Held a Mortgage 35% - 68% 2% - 9% Average Households withElectricity from1920-1929 Average Farms with Electricity from 1920-1929 During 1933, at the height of the Great Depression, more than 200,000 farmsresorted to foreclosure. 1) Farmers loanedmoney from banks to buy equipment tosupply food in WWIfor the Allies......... A Farmer's Income Was of a City Worker's.By 1930, the Income Dropped to 40% 30% 2) After WWI, ForeignNations recovered from the war and producedtheir own crops and livestock........ By: Jason Liang The Farmers Didn't Say Much During theRoaring 20's..........nor did their livestock 2 in 5 3) Farmers overproducedgoods, and foreign countries don't buy American products,and prices fell. Farmers' incomes dropped, and couldn't pay their loans.... 4)Farmers defaulted, which hurt the bankingindustry. Between 1920 and 1929, more than 5,000 of the country's 30,000 banks failed... 5)Banks put many of the farms to foreclosure.Families were oftentimes kicked off their land witheverything lost. Those whocould pay off the loans saggedalong in society, precariously... Foreclosure rate between 1913 and 1920 was 3.2 per1,000 farms. 17.4 per 1,000farms in 1926. By 1933,reached 38.8 per 1,000 farms. Crop and Livestock Prices dropped by 75% During the Great Depression "Fun" Fact:
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