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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: energyplay who wrote (23502)10/5/2007 4:52:32 AM
From: Snowshoe  Respond to of 217860
 
It's something I learned while researching genealogy. That cheap grain from the US prairies rocked the world, just like cheap Chinese manufactured goods today...

Germans In Wisconsin
By Richard H. Zeitlin for
The State Historical Society of Wisconsin, Madison, 1977
dwave.net

Although a flow of emigrants continued, the second wave did not break until ten years later, when 1,066,333 people reached the United States between 1865 and 1873. Most of these came from northwestern Germany, specifically from the states of Sehleswig-Holstein, Ost Fnesland, Hanover, Oldenburg, and Westphalia, an area of prosperous middle sized grain farms.
Beginning in the 1850's the influx of cheap American wheat had begun to depress the world market to such an extent that by 1865, with the American Civil War over and with a prospect of a continuing decline in grain prices, many owners of moderately sized farms, fearing foreclosure, decided to sell out while they could and depart for America with enough cash to begin anew. In addition, the area's industrial centers were filled with unemployed former agricultural workers anxious to build a new life abroad. The vast majority of the emigrants, according to one historian, came from the lower-middle economic strata: "people who had a little and had an appetite for more "