Report On Economic Conditions of the South
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In our eReader you can find the full English version of the book. Read Report On Economic Conditions of the South Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Report On Economic Conditions of the South
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They are one-crop farmers, subjected year after year to risks which would appall the average businessman. All their eggs are in one basket — a basket which can be upset, and often is, by the weather, the boll weevil, or the cotton market.
The boll weevil can be conquered, and weather hazards tend to cancel themselves out as good seasons follow bad ; but the cotton market is a sheer gamble. On this gamble nearly 2,000,000 southern families stake their year's work and everything they own. Their o...nly chance of making a living is tied up with the fluctuations of the world price of cotton.
No other similar area in the world gambles its welfare and the destinies of so many people on a single crop market year after year.
The gamble is not a good one. Few other crops are subject to such violent and unpredictable price variations as cotton. In 1927 cotton farmers got 20 cents a pound for their crop ; in 1929 they got 16 cents ; in 1931 they got 6 cents ; in 1933 they got 10 cents. Only once during the last decade did the price of cotton change less than 10 percent between pickings.
What to read after Report On Economic Conditions of the South?
You can find similar books in the "Read Also" column, or choose other free books by National Emergency Council (U.S.) to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
They are one-crop farmers, subjected year after year to risks which would appall the average businessman. All their eggs are in one basket — a basket which can be upset, and often is, by the weather, the boll weevil, or the cotton market.
The boll weevil can be conquered, and weather hazards tend to cancel themselves out as good seasons follow bad ; but the cotton market is a sheer gamble. On this gamble nearly 2,000,000 southern families stake their year's work and everything they own. Their o...nly chance of making a living is tied up with the fluctuations of the world price of cotton.
No other similar area in the world gambles its welfare and the destinies of so many people on a single crop market year after year.
The gamble is not a good one. Few other crops are subject to such violent and unpredictable price variations as cotton. In 1927 cotton farmers got 20 cents a pound for their crop ; in 1929 they got 16 cents ; in 1931 they got 6 cents ; in 1933 they got 10 cents. Only once during the last decade did the price of cotton change less than 10 percent between pickings.
What to read after Report On Economic Conditions of the South?
You can find similar books in the "Read Also" column, or choose other free books by National Emergency Council (U.S.) to read onlineMoreLess
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