What was the average income for farm workers? Therefore, he says that he and most other economists are in agreement that what Trump has done is a mistake. Mechanisation increased unemployment in these sectors and wages were kept low as employers tried to maximise profits.
They had used their customers' money to invest in the stock market to increase profits. A life and the American Revolution political cartoon showing President Herbert Hoover explaining his farm relief program to a farmer. Nber Working Paper. 275 per year against a national average of 750 which meant farmers had little or no disposable income. What were the problems in staple industries?