Question

How did industrial workers and farmers react to new economic conditions from 1870 to 1900? Discuss how their reactions

were similar and how they were different
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Answer 1

Explanation: Industrialization was embedded in America at this point, factory jobs, progression, and rapid city growth made it more and more difficult for famers to prosper. Their lifestyles changed and many made the gradually move to factory based work. Industry workers were making larger wages over time, work became safer. While the industry wasn't set yet, it was slowly improving and settling, making it a larger part of the economy. This means life for industrial wrokers was improving with more money and opportunity, while farmers were losing money and slowly falling out of style. This was especially common for small farms.

Answer 2

Step-by-step explanation:

In the years between 1870 and 1897 many farmers lost their farms, while others struggled to make ends meet. In that period, the prices of crops dropped steadily. Wheat fell from $106 per bushel to $63 per bushel; corn fell from $43 per bushel to $29 per bushel; and cotton fell from fifteen cents a pound to five cents a pound. At the same time the costs of operating a farm remained constant or increased. These costs included shipping rates, interest on loans, and the cost of machinery and other needed commodities. The main reason prices of crops continued to drop was that there was an oversupply of grains on the market, with too many farmers producing too much of the same crops.