The New Deal (agriculture) Flashcards

1
Q

Farm income rates

A
  • The New Deal did improve farm income rates and prevented them from getting worse:
    1933: $6billion
    1938: $10billion
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Individual measures

A
  • The AAA (1933) removed 10,500,000 acres of cotton from production and slaughtered 6,000,000 piglets.
    Farm income rates increased:
    -1932: $4.5billion
    -1935: $6.9billion
  • TVA (1933) had a significant impact on the residents of the Tennessee Valley:
  • 1929 only 2/100 farms in the area had electricity. TVA built 20 dams to provide hydroelectricity.
  • 1929-1949: average income rose by 200%
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Individual measures part 2

A
  • Rural Electrification Administration (1935) provided electricity in rural areas:
    1936: 13% farms had electricity
    1941: 35% farms had electricity
  • Bank-Jones Farm Tenant Act (1937) provided loans to farmers to keep and restock their farms:
  • By 1947 40,000 farmers had bought their own farms
  • By 1947, 900,000 farmers had borrowed money to restock their farms
How well did you know this?
1
Not at all
2
3
4
5
Perfectly