The observed shift in the total value of harvest crops in Oklahoma from 1929 to 1939 dropped from $314 million in 1929 to $115 million in 1939.
Why was there a drop in the crop total value?
The great depression that happened in the late 1920s to early 1940s caused a sharp deflation which made farmers to be unable to repay their loan.
The economic situation also created a condition called a cost-price squeeze because the input costs increase at a higher rate than prices received for outputs.
In conclusion, despite that farm production reduce sharply , the agriculture continued to be a major factor in Oklahoma's economy.
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