Agricultural Economy(redirected from American Agricultural Economy in the 1920s-1940)
Also found in: Wikipedia.
Any local or national economy heavily dependent on agriculture. Most jobs in an agricultural economy are rooted in farming and ranching, at least tangentially. For example, even if one does not farm, one may make a living selling tractors and other farm equipment. Agricultural economies are often in very rural areas. How well such an economy performs may depend heavily on exogenous factors like the weather.