Farm Product Prices, Redistribution, and the Early U.S. Great Depression

Jon Denton-Schneider provided superb research assistance. We are grateful for comments and encouragement from Price Fishback, John Leahy, Gary Richardson, Christina Romer, Matthew Shapiro, Peter Temin, and audiences at the Society for Economic Dynamics, the University of Michigan, the NBER Development of the American Economy program meeting, and Florida State. Rhode’s work was in part funded by NSF grant SES- 0921732 (“Dramatic Rise in Agricultural Productivity in the U.S During the Twentieth Century: Disentangling the Roles of Technological Change, Government Policy, and Climate”). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.