Explain how technological advancements in the US farming between 1948 and 2008 generated economic growth.

Question

Reed Larson

Social Studies

6 September, 17:03

Explain how technological advancements in the US farming between 1948 and 2008 generated economic growth.

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Delaney Hartman · Answer 1

Technological advancements in the farming industry between 1948 and 2008 led to economic growth in the United States because these advancements caused total output to increase 158% while decreasing the amount of the required land and labor. Since the cost of production decreased so did the price of food, which allowed for greater consumer spending. The available land and labor were suddenly available for use in other parts of the economy.

Averi Huynh · Answer 2

Technological advancements in US farming from 1948-2008 allowed for increased resiliency, yields, and ultimately allowed farmers to take advantage of economies of scale.

By introducing new technology into the equation, farmers were able to do more with less, often drastically so. At the same time, the advances enabled by Norman Borlaug's green revolution allowed farmers to ensure yields even through droughts and the like.