Ch14 history

Important to stay optimistic

Water supply provided growth of agriculture

• Negotiate agreements among private entities.
• Small government

• Tariffs and war debt policies that cut down the foreign market for American goods
• 2 crisis in the farm sector
• 3 availability of easy credit
• 4 unequal distribution of income

Lowered mortgage rates for home owners and allowed farmers to refinance their farm loans and avoid foreclosure

Little towns made up of shack. In cities like Oklahoma

• Established the highest protective tariff.
• Designed to protect American farmers from foreign competition

Prevented other countries from buying American goods. Unemployment got worse

Demand for crops high right after war but then after the demand was low and farmers could no longer sell.

Price support= gov would buy surplus crops at guaranteed prices and sell them in world market. President vetoed this