Farmers in the 1920s did not benefit from the economic prosperity of the era due to falling agricultural prices and oversupply, leading to financial difficulties and bank failures.
One impact of the changes farmers went through during the 1920s was that farmers did not generally participate in the prosperity of the 1920s. After World War I, overproduction led to falling prices for agricultural products, causing financial hardships for farmers. Attempts for federal price supports were vetoed, leading to many farmers struggling with loan repayments and rural banks failing.
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