12 Mai 1933 Jahr - Farm Credit Administration

Beschreibung:

Goal: Help farmers refinance mortgages over a longer time at below-market interest rates at regional and national banks. This helped farmers recover from the Dust Bowl. (see? New Deal LOVED farmers)

How: Establish the Farm Credit System (FCS) as a group of cooperative lending institutions to provide short-, intermediate-, and long-term loans for agricultural purposes.

Still exists today!

Zugefügt zum Band der Zeit:

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