Economic and financial section > Agricultural crisis > Volume 1

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expansion due to the great European demand between 1918 and 1920. The most serious
effects of this depression were felt by stock-breeders from 1921 to 1923.
After various fluctuations, a serious crisis arose in 1929 owing to a combination
of circumstances. The heavy drop in the prices of agricultural products in 1929-30
was the immediate, if not the fundamental, cause of the depression through which Argentine
agriculture is passing.
Average Prices of Wheat, Maize and Linseed, per ioo Kilos.
On the Buenos Aires Markets.
Year Wheat Maize Linseed
(In paper pesos)
1910 8.71 5.15 16.75
1911 8.02 4.99 18.34
1912 8.46 5.22 15.09
1913 8.30 5.32 II.16
1914 8.61 4.98 11.59
1915 12.— 4.91 10.68
1916 9-56 5-84 I3-4I
1917 14-73 9-98 20.79
1918 12.90 5.86 22.56
1919 14-93 7-25 25.56
1920 20.95 9.08 24.71
1921 16.31 8.58 17.20
1922 12.42 8.04 19.69
1923 117° 8.81 21.25
1924 12.46 9.57 20.77
1925 14-5° 9-28 20.86
1926 12.93 6.46 15.79
1927 11.46 6.53 I5-11
1928 10.57 8.52 15.40
1929 9-75 8.10 18.22
1930 7-50 4-50 12.50
Average relative Prices of Wheat, Maize and Linseed.
Year Index figures Year Index figures
1910 100 1920 201
1911 97 I92i 164
1912 97 1922 142
1913 92 I923 I45
1914 92 1924 I53
1915 109 1925 163
1916 105 1926 130
1917 168 1927 122
1918 135 i928 130
1919 158 1929 126
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