Agricultural Decline Quotes
Fixed tenure meant leases for a significant period of time. For various reasons, Irish landowners were reluctant to invest in improving property in any way. It the tenant invested his own sweat or resources to improve the property, the landlord would evict him and rent to someone else for more money for the “improved” property. So no one would ever improve property until there were laws requiring tenants to have rights of transfer, inheritance and reasonable fixed lease terms.
Coolidge's rhetoric did not reflect the fact that his administration was totally indifferent to the serious plight of the American farmer in the 1920's.
Ransome had a unique access to Post Russian Revolutionary leadership as his fiancée was the secretary to key Russian Communist party committees and through her he had access to Lenin, Trotsky and other leaders. In general Ramsome is best known as a children’s book author.
Guano is bat manure, one of the best fertilizers the world has ever known. Islands of guano in the Caribbean were discovered and the fertilizer was shipped to the U. S. and improved American agriculture immensely. People made fortunes bringing in bat guano which was almost as expensive as precious metals.
By the middle of the 20th century, the banks were no longer allowed to control the railroads and seemed less powerful, but by the beginning of the 21st century, the few largest banks, without the railroads or any other industrial holdings, were so big that the controlled credit, fraudulently manipulated rates and mortgage foreclosures and after losing huge amounts speculating in 2008, the government had to bail them out with taxpayer money while the bank executives who caused the failures tool million dollar bonuses. Never were banks so powerful in any country that they could have the government pay billions of dollars for their losses and mistakes.