Agricultural Marketing Act of 1929
The Agricultural Marketing Act of 1929, under the administration of Herbert Hoover, established the Federal Farm Board from the Federal Farm Loan Board established by the Federal Farm Loan Act of 1916 with a revolving fund of half a billion dollars. The original act was sponsored by Hoover in an attempt to stop the downward spiral of crop prices by seeking to buy, sell and store agricultural surpluses or by generously lending money to farm organizations. Money was lent out to the farmers in order to buy seed and food for the livestock, which was especially important since there had previously been a drought in the Democratic South. However, Hoover refused to lend to the farmers themselves, as he thought that it would be unconstitutional to do so and if they were lent money, they would beco
primaryTopic
Agricultural Marketing Act of 1929
The Agricultural Marketing Act of 1929, under the administration of Herbert Hoover, established the Federal Farm Board from the Federal Farm Loan Board established by the Federal Farm Loan Act of 1916 with a revolving fund of half a billion dollars. The original act was sponsored by Hoover in an attempt to stop the downward spiral of crop prices by seeking to buy, sell and store agricultural surpluses or by generously lending money to farm organizations. Money was lent out to the farmers in order to buy seed and food for the livestock, which was especially important since there had previously been a drought in the Democratic South. However, Hoover refused to lend to the farmers themselves, as he thought that it would be unconstitutional to do so and if they were lent money, they would beco
has abstract
The Agricultural Marketing Act ...... dependent on government money.
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Link from a Wikipage to an external page
Wikipage page ID
Wikipage revision ID
688,695,556
cite public law
colloquialacronym
conferencedate
1929-06-13
effective date
1929-06-15
enacted by
introducedby
Gilbert N. Haugen
introduceddate
1929-04-17
introducedin
longtitle
An Act to establish a federal ...... quality with other industries.
Nickname
Farm Relief Bill
othershorttitles
Agricultural Marketing Act of 1929
passedbody
passeddate
1929-04-25
1929-05-14
1929-06-13
1929-06-14
passedvote
public law url
shorttitle
Agricultural Marketing Act
signeddate
1929-06-15
signedpresident
Herbert Hoover
subject
comment
The Agricultural Marketing Act ...... re lent money, they would beco
@en
label
Agricultural Marketing Act of 1929
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