... . Farm income dropped from 22 billion in 1919 to 13 billion in 1928 (d). The most significant factor accounting for depression in American agriculture was the loss of foreign market, because of the extremely high tariff, which had been placed on imported goods to guarantee Americans had a monopoly of the domestic market. Between 1920 and 1932 one in four American farms were sold to ... expansion. Economic expansion, in turn was responsible for a significant increase in the average GNP. The graph seen over the page shows the rise in industrial production and Gross National Product betwee...

• Word Count: 2301
• Approx Pages: 9
• Grade Level: Undergraduate