SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Vosilla who wrote (83813)7/18/2007 11:58:27 AM
From: Tommaso  Read Replies (1) of 110194
 
I know the farmers were hurting and agricultural prices were dropping, so that may have affected farmland values in the mid-1920s.

Yes: "In 1920 the value of farm land and buildings was $66 billion; by 1928 it had fallen to $47 billion. In 1920 the realized net income of farm operators was $6.9; by 1928 it had fallen to $5.7 billion--all this, remember, at a time when the American economy was supposed to have reached 'the permanent plateau of prosperity.'"

I found that right away in "American Economic History," (1961) pp. 386-7, a book I got for free when an academic economist abandoned his library and went to Washington about 40 years ago.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News