Federal Farm Loan Act

The Dust Bowl of the 1930’s had such an antagonistic effect on the United States economy that was already plummeting. The Dust Bowl affected the U.S economy in just about every way possible ranging from agriculture to finances including government expenses to population changes. This phenomena can be considered as one of the worst natural disasters that has affected the United States. The “Dust Bowl” was the name given to the Great Plains region that was greatly affected by drought in the 1930’s

America was against involving themselves in the war because they weren’t impacted by any of the agreements that caused the European powers to go to war in the first place. They thought war “would sow death, misery, and reaction throughout the nation but also threatened ‘the firm hand of repression’ against disloyalty—anticipating battles at home as well as abroad.” Basically, war would bring on too many problems internally if they were to get into external battles. They also supported neutrality

It was known as the RFC, the Reconstruction Finance Corporation a government agency whose purpose was to provide federal loans to troubled businesses, banks and railroads. Struggling industries could now take out loans, with the belief that the economic benefits would extend to all Americans creating more jobs than spending. This was the first time the Federal government became involved with the economy during a time of peace. Yet, the new agency failed to deal directly and forcefully

created a very critical sector to the financial aspect of government, the Federal Reserve. The Federal Reserve was created to act as a central bank that would oversee the monetary funds and “reserves,” of the country, as well as manage the banks and implement certain economic policies. Although some policies were deemed successful, bank failures during the 1920’s and 30’s were essentially unsuccessful as a result of Federal Reserve mismanagement. This mismanagement further worsened the economy during

People lost their life’s savings, their homes and farms. In his first broadcast on the radio Roosevelt speech, declared that “This great Nation will endure as it has endured , we will revive and will prosper the only thing we have to fear is fear itself”. Heeding the nation to call for action, and action

Those who follows Friedman’s school of thought, such as Ben Bernanke Chairman of the Federal Reserve till 2014, believe that the Great Depression was produced due to failure of government- failure of the monetary policy and the Federal Reserve. They believe that the Federal Reserve did nothing to prevent the decline of money supply and banks failed in turn. They believe that yes, it would still have been a recession but it would

of Congress which would ultimately establish numerous emergency organizations, notably the National Recovery Administration (NRA), which attempted to stabilize prices and wages through cooperation between the government, business, and labor, the Federal Deposit Insurance Corporation (FDIC), which used various means to rebuild trust in banking, the Agricultural Adjustment Administration (AAA), which aided farmers through compensation, the Civilian Conservation Corps, and the Public Works Administration;

millions of farmers lost their farmland and houses have to leave their homeland became homeless. On March4,1933. When Franklin D. Roosevelt became the president of the United States he release the New Deal combine over ten Acts. The most significant of the New Deal was the Banking Act of 1933 "prohibited bank

agrarian ambitions of Populists. With Populist crusaders such as Grangers and members of the Farmer’s Alliances in its vanguard, Progressives instituted initiative and referendum, attaining political power for the working class. The Warehouse and Federal Farm Loan Acts of 1916 satisfied the farmers’ demand for credit. Progressives reformed beyond Populist demands by including women and children in their scope for social reform.

following programs; Social Security, The Fair Labor Standards Act of 1938, and The United States Housing Authority. All of these programs were created to help the citizens of the United States get back on their feet and move toward being more self reliant. The reason