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"Varieties of economic progress"

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Blogger Bruce Wilder said...

One of the underlying economic problems of the U.S. in the 1920s was that, despite rapidly improving agricultural technology, a large part of the farm population was poor, and getting poorer. A major success of the New Deal -- possibly accidental -- was in stabilizing agriculture, to allow the application of advancing technology and to allow the migration of labor to cities. Output per acre began to rise markedly from roughly 1935 for a wide variety of important crops.

The charts here:
http://greedgreengrains.blogspot.com/2009/04/six-stylized-facts-about-us.html
are quite interesting, though I don't think the blog author has any reliable insight into what was happening in 1935.
This also might be interesting to you, in regard to your thesis:
http://greedgreengrains.blogspot.com/2009/07/conservation-programs-drive-crop.html

May 27, 2010 at 3:05 AM

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