Brazil Burned Coffee to Raise Prices

Brazil Burned Coffee to Raise Prices

In the 1930s, Brazil destroyed massive amounts of coffee, an estimated three times the annual global consumption, to stabilize prices after the Great Depression. Officials feared that selling it cheaply on the world market would crash prices even further. By burning the surplus, Brazil successfully pushed coffee prices back up, making it one of the largest deliberate supply destructions in economic history.

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Categories: FoodFinanceHistory

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