13.02.2013 - The history of the great commodity super cycles
There have been four great commodity super cycles in the past century, each with a different duration, degree of magnitude and overall intensity. The first was during World War I, resulting in tremendous demand for agricultural products and metals, lasting for four years. During this time agriculture boomed with mechanization. Many of the old-time barns on our landscape today can be dated back to those times. The Farm Credit System, Cooperative Extension Service and the American Bankers Associationís agriculture division were created as a result of the super cycle. Unfortunately, while Americaís general economy was booming during the roaring 1920s, agriculture crashed and stayed down until the beginning of World War II...............................................Full Article: Source
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