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Land Policy and Its Relation to Agricultural Production and Distribution, 1862 to 1933

Published online by Cambridge University Press:  03 February 2011

Theodore Saloutos
Theodore Saloutos
Affiliation:
University of California, Los Angeles
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Extract

If by land policy we mean a comprehensive, well-thought-out plan that made for an efficient long-range use of our agricultural resources, we are reasonably safe in saying we had none. If we had anything that came close to resembling a policy, it was that of throwing open vast quantities of public and private lands to cultivation which resulted in maladjustments that made it difficult, if not impossible, for many farmers to adjust themselves to capitalistic methods of production and distribution. The extent of these maladjustments may be gauged in part by observing the status of agriculture on the eve of the New Deal. Shrinking foreign markets, world-wide competition, rising tariff walls, poor farm management practices, and excessive production and distribution costs were accompanied by sharp increases in indebtedness, farm foreclosures, and tenancy. Agriculture was receiving a dwindling share of the national income, capital formation was being discouraged, and farming had been relegated to a subordinate position within the economy.

Type
Land Policy after the Homestead Act
Information
The Journal of Economic History , Volume 22 , Issue 4 , December 1962 , pp. 445 - 460
Copyright
Copyright © The Economic History Association 1962

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References

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16 This is expressed in terms of 1910–1914 prices.

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