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  • Destruction of Wealth? [View article]
    It's interesting to look at the percentage of farmers in the United States for each decade from 1880 to 1980, when thinking about the consequences of a Great Depression.

    In 1880 49% of all American workers were farmers
    In 1900 38%
    In 1920 27%
    In 1930 21%
    In 1940 18%
    In 1950 12%
    In 1960 8%
    In 1970 4.6%
    In 1980 3.4%

    www.agclassroom.org/ga.../

    If we have another Great Depression, it will be an urban depression and will look much different from the last one where most adults had memories of being raised on small farms and knew how to feed themselves.

    I think another Great Depression would bring a different kind of social upheaval.
    Oct 16 12:19 pm |Rating: 0 0
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