American Decades
Farming in the 1950s
"Agri-businessmen."
American farmers continued to dwindle in number during the decade. In 1950 the farm population of 23 million stood at slightly more than 15 percent of the total population. Ten years later only 15.6 million farmers remained, constituting 8.7 percent of the total population. The American farmers of the 1950s did not necessarily resemble the gentleman farmers of Thomas Jefferson's day: they had become specialized and mechanized "agri-businessmen."
Leaps in Production.
Despite the decline in the number of farmers, gross income from farming rose steadily from $32.3 billion in 1950 to $38.1 billion a decade later. Still, the cost of living increased faster than farm income. Between 1950 and 1960 total farm output rose 23 percent. Farm output per man-hour soared, increasing 157 percent during the decade. The staggering leaps in productivity, coming at a time when European markets still needed U.S....
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1950's Business and the Economy
- Overview
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Topics in the News
- Advertising in the 1950s
- The AFL-CIO
- Air Travel in the 1950s
- Alcoa, Aluminum, and the End of a Monopoly
- Bank of America Leads a Financial Expansion
- Big vs. Small Businesses
- Creating the Computer
- Credit, Inflation, and Price Controls
- Energy
- Farming in the 1950s
- Housing in the 1950s
- Labor in the 1950s
- The Merger Wave
- The Military-Industrial Complex
- The National Highway Act and the Auto Industry
- The Railroad and its Decline
- Shopping Malls
- The Stock Market and Investment Trends
- The Sun Belt
- The Television Industry
- The Turbulent Teamsters
- Headline Makers
- People in the News
- Deaths
- Publications
- Important Events in Business and the Economy, 1950–1959
