What did a royal commission on agriculture retort in the 1920's say
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The commission unanimously agreed that the cause of the depression was a fall in prices. However its second report was divided between a majority report and a minority report. The majority report discussed government loans to agriculture, local rates and the land tax. The minority report recommended landlord-tenant agreements, lowering rents and railway rates, co-operation to eliminate the middleman. They claimed this was all that could be done "short of tampering with the currency, debasing the gold standard, or adopting protective duties".[1]
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