Explain the Relative Decline in the Importance of Agriculture in the American

question 12

Essay

Explain the relative decline in the importance of agriculture in the American economy in the late nineteenth century. In what ways was the farmers' protest based primarily on their economic woes, and to what extent was it a protest against the loss of an older American way of life based on agriculture and small towns?

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Definitions:

Hong Kong

A Special Administrative Region of China known for its vibrant economic and business center, located on the south coast of China.

Futures Contract

A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future, often used for hedging or speculating.

Obligation

A legal or moral duty to complete certain actions or to make payments to others.

Specified Price

Specified Price is the predefined price at which an investor agrees to buy or sell a security or commodity in a futures contract.