Timeline for food prices in the 1900s?
Here's a timeline of key events related to food prices in the 1900s:
1901: The United States Department of Agriculture (USDA) is established, initially named the Department of Agriculture.
1914-1918: World War I disrupts global trade and agricultural production, leading to food price increases.
1920s: Post-war economic growth leads to increased demand for food, contributing to rising prices.
1930s: The Great Depression causes a decline in food prices due to reduced consumer demand and disruptions in agricultural markets.
1939-1945: World War II affects food production and trade, leading to price volatility.
1946: The USDA's Food and Nutrition Board is established to provide scientific advice on nutrition and food policies.
1950s-1960s: Agricultural productivity increases due to technological advancements, leading to lower food prices.
1972-1974: The global oil crisis disrupts agricultural production, contributing to a surge in food prices.
1979: The Iranian Revolution leads to an oil crisis and further food price increases.
1980s: High-interest rates, increased energy costs, and droughts impact food prices.
1985: The USDA's Food Security Act is passed, influencing farm policies and food assistance programs.
Late 1980s-Early 1990s: The collapse of the Soviet Union affects global grain markets and leads to lower food prices.
Late 1990s-Early 2000s: Food price volatility returns due to factors such as droughts, weather disruptions, geopolitical events, and increased demand from emerging economies.
2007-2008: The Global Financial Crisis causes increased food price volatility due to factors like rising energy costs and commodity speculation.
2010s: Ongoing concerns about climate change, population growth, and resource availability impact food price trends.
Late 2010s-2020s: The COVID-19 pandemic disrupts global food supply chains and leads to food price fluctuations.
It's important to note that food price movements are influenced by a variety of factors, and the timeline above focuses on broader trends and significant events that impacted food prices during the 1900s.
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