It was dumbass transplant morons from the cities migrating westward that had no fucking clue how to farm. The government sold off shit tons of land in a Ponzi scheme that pretty much forced land owners to plant the cash cow of the day: wheat. ww1 heavily incentivized wheat production and as the price continually decreased due to increased supply, it caused a deflationary death spiral. On top of that, they were too stupid to diversify their crops once they started losing money.
Thank you for a good description. But didn't it force regulation. Had to adopt quotas, to try to make up shortfalls, later, rotation or what to grow? Or was that later, after ww2? Didn't a lot more land get seized as a result. It turned entire places into ghost towns.
It's not the first time the government has sold off some of the same region either. Wasn't there something recent in the Mid West? Offering cheaper land rights.
It was dumbass transplant morons from the cities migrating westward that had no fucking clue how to farm. The government sold off shit tons of land in a Ponzi scheme that pretty much forced land owners to plant the cash cow of the day: wheat. ww1 heavily incentivized wheat production and as the price continually decreased due to increased supply, it caused a deflationary death spiral. On top of that, they were too stupid to diversify their crops once they started losing money.
Thank you for a good description. But didn't it force regulation. Had to adopt quotas, to try to make up shortfalls, later, rotation or what to grow? Or was that later, after ww2? Didn't a lot more land get seized as a result. It turned entire places into ghost towns.
It's not the first time the government has sold off some of the same region either. Wasn't there something recent in the Mid West? Offering cheaper land rights.