Saturday 26 May 2018
Search - Content
Search SEO Glossary
Contact Us

Agricultural Credits Act

Search for glossary terms (regular expression allowed)
Begin with Contains Exact termSounds like
All A B C D E F G H I J K L M O P Q R S T U V W X Y Z
Agricultural Credits Act

(4 March 1923) Because falling commodity prices cut farm income sharply, Congress funded relief through short-term credit for crop financing. This law created 12 federal intermediate credit banks, capitalized with $60,000,000, to lend to farm cooperatives, which would reloan the money to farmers.