Congress Passes the Agricultural Marketing Act
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Government and Politics, Economics, Agriculture
- Subcategories: Business, Trade, Commerce, Laws, Acts, Legislation, Organizations, Agencies, Institutions, Farms, Farming, Rural Life
- Curriculum: American History 1901-1950
- Geographical Location: Washington, D.C.
- Date: June 15, 1929
Article abstract: The Agricultural Marketing Act of 1929 established the Federal Farm Board to make loans to farm cooperatives and to control surpluses of farm commodities.
Summary of Event
In order to understand the impact of the Agricultural Marketing Act of 1929, it is necessary to understand what happened to the American farm sector early in the twentieth century. The second decade of the twentieth century was a good one for farmers. The world had experienced rapid industrial expansion, causing incomes and spending to rise. Demand for agricultural...
[The entire page is 2143 words long]
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