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Sorry, I was riffing and forgot some of the key details. It was that during the great depression, there was a crisis of overproduction at the same time as an ec
by tehjoker 7y ago
Sorry, I was riffing and forgot some of the key details. It was that during the great depression, there was a crisis of overproduction at the same time as an economic crisis. Farmers began destroying food at the same time that people could not eat (because they could not access or afford the food). The government stepped in to manage the prices and actively destroyed ag output.
https://www.britannica.com/topic/Agricultural-Adjustment-Administration https://www.britannica.com/topic/Agricultural-Adjustment-Adm...