ABSTRACT
The relation between changes in the agricultural situation and industrial fluctuations is much more complicated than many people think. There exist a good many theories on the subject, which are not easy to reconcile though all are either based on, or backed by, statistical research. Professor H. S. Jevons believes that the industrial system and the emotional outlook of the business community take longer to revolve than the period of a complete harvest cycle, and that the impulses liberated in two or more harvest cycles accumulate accordingly until a major business cycle is generated. An exceptionally good harvest leads to a larger demand on the part of agriculturists in terms of agricultural produce for the products of industry. As each part of the economic system is to some degree sensitive to developments in all other parts, industrial fluctuations are bound to exercise a certain influence on agriculture.
