Farm Product Prices, Redistribution, and the Early U.S. Great Depression
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We argue that falling farm product prices, incomes, and spending may explain 10-30 percent of the 1930 U.S. output decline. Crop prices collapsed, reducing farmers' incomes. And across U.S. states and Ohio counties, auto sales fell most in crop-growing areas. The large spending response may be
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美国国家经济研究局创建时间：
2020-11-01
