In his address to Congress in January 1935, Roosevelt called for five major goals: improved use of national resources, security against old age, unemployment and illness, and slum clearance, national work relief program (the Works Progress Administration) to replace direct relief efforts.

President Franklin D. Roosevelt’s “New Deal” aimed at promoting economic recovery and putting Americans back to work through Federal activism. New Federal agencies attempted to control agricultural production, stabilize wages and prices, and create a vast public works program for the unemployed.

The New Deal attempted to address the Depression by providing jobs for those who were able and support to the elderly and disabled. Providing jobs, easing the burden on the elderly, giving aid to farmers, and granting new and improved rights to workers.

Roosevelt. The programs focused on what historians refer to as the “3 R’s”: relief for the unemployed and poor, recovery of the economy back to normal levels, and reform of the financial system to prevent a repeat depression.

What action did the second New Deal take to help farmers? It gave them financial aid and paid them to work less; in order to do this, the government raised the farmers’ crop prices. It allowed for unions to converse and be protected from previous acts or abuses from the government or bosses.

The purpose of the act was to improve federal lending to farmers. Credit had long been a problem for American farmers. Commercial credit from banks was normally “scarce, short term, and at high interest rates” [2].

FCA’s mission is to ensure that Farm Credit System institutions and Farmer Mac are safe, sound, and dependable sources of credit and related services for all creditworthy and eligible persons in agriculture and rural America. Our agency was created by a 1933 executive order of President Franklin D.

During 1933, at the height of the Great Depression, more than 200,000 farms underwent foreclosure.

Many lost their farms when banks foreclosed and seized the property as payment for the debt. As farmers began to default on their loans, many rural banks began to fail. most farmers could grow food for their families. With falling prices and rising debt, though, thousands of farmers lost their land.

Between 1929 and 1933, construction of residential property fell 95 percent. Repair expenditures decreased from $50 million to $500,000. In 1932 between 250–275,000 people lost their homes to foreclosure.

Foreclosure is the legal process that banks use to get back some of the money they loaned when a borrower can’t repay the loan. During the 30s, there were thousands of foreclosures. So, banks would take all of the assets pledged to the loan. Families were often thrown off their farms and lost everything.

Farmers faced many problems during the Great Depression, such as dust storms, a surplus of crops, and a lack of electricity in rural areas.

Overproduction, or oversupply, means you have too much of something than is necessary to meet the demand of your market. The resulting glut leads to lower prices and possibly unsold goods. That, in turn, leads to the cost of manufacturing – including the cost of labor – increasing drastically.