Thursday, July 16, 2009

1930's Revisited

One thing that stands out about 1930's news (see here for today's post) is the greater importance of agriculture. Every day, I think, farm prices or conditions make the summary, today it's a Wall Street Journal editorial. No, not knocking federal programs but asking the Board to make up its mind. What's the odds of that happening today.

Even in the 1950's and 60's agriculture was a big deal--issues got White House attention. But greater efficiency has shrunk the numbers so agriculture's economic impact is less, meaning its news value is less.

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