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jul 17, 1916 - Federal Farm Loan Act

Description:

The Federal Farm Loan Act was passed in 1916 to address the credit needs of rural American farmers by establishing 12 regional Farm Loan Banks to provide farmers with long-term loans at low interest rates. This act aimed to improve agricultural productivity and farmers' financial stability by making it easier for them to access the capital needed to expand and sustain their operations.

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AP US History

ByShane Jackonski
9 May 2024
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0
5864

Date:

jul 17, 1916
Now
~ 108 years ago
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