Agricultural Investment Quotes
This quotation is historically important because it documents the radical change in agriculture that technology brought on. In this period it was steam power. There were steam powered tractors in addition to what he enumerated. The production cost and hence the prices of agricultural products became much lower increasing the standard of living for all consumers. However, the small farmer, without capitol and the scale of a large enough farm, was put in a position in that he could not compete with the major products of agriculture without huge investment in capital equipment and large enough farms. While many went out of business, many others shifted to specialized crops and raising animals where the automation was not as necessary. This process has been on going in American agriculture since the invention of mechanized farm implements, and the small farmer has gradually become more rare. But the process has been ongoing throughout American history.
Executed by the English for his part in the Easter Uprising. This was a creative idea to being technology to bear on small farms. America was exploring cooperatives and other devices of trying to allow people who were not rich and had little or not capital, to utilize the emerging technology that would be so important.
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.
