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American Economy

1933, CCC, Commodity Credit Corporation) that were established to help the agricultural businesses. By the mid-19th century, as the Industrial Revolution began to take hold in America, the relationship between agriculture and industry had become more pronounced. The advance of industry, primarily in the field of transportation, had a huge effect on the ability of the farmer to move goods to market. Ironically, much of the industrialization came from the rural areas themselves, in the form of displaced farmers who flocked to the cities to work in the factories and mills.Probably more than any of Roosevelt's social programs, it was the Second World War that ultimately wrenched America free from the Depression. If World War II hadn't turned the Ford's company manufacturing ability to the business of making bombers and jeeps, it is possible that Ford would have gone out of business. World War II brought an increased demand for American agricultural products. New technologies adopted in the post-war period-reduced production costs and further escalated farm output. Tractors and farm machinery became more powerful and efficient. The revolution in agriculture, paralleling that in manufacturing, involved a shift from hand labor to machine farming, and from subsistence to commercial agriculture. In conclusion, the performances and organizations of the manufacturing and other industries are reflected in the American economy, when times are good, production increases, there is fuller employment and new technology leads the way forward. But during times of hardship, economy downturns or even long-term recession, a basic instinct of survival takes over. As a rule, consumers look for the best values for what they spend, while producers seek the best price and profit for what they have to sell. Government, at the federal, state and local levels, seeks to promote the public safety, assure reasonable competition. The U.S. economy has changed in othe...

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