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Agricultural Adjustment Act
The Agricultural Adjustment Act (AAA) was a United States federal law of the New Deal era designed to boost agricultural prices by reducing surpluses. The government bought livestock for slaughter and paid farmers subsidies not to plant on part of their land. The money for these subsidies was generated through an exclusive tax on companies which processed farm products. The Act created a new agency, the Agricultural Adjustment Administration, also called "AAA" (1933-1942), an agency of the U.S. Department of Agriculture, to oversee the distribution of the subsidies.Hurt, R. Douglas, ''Problems of Plenty: The American Farmer in the Twentieth Century'', (Chicago: Ivan R. Dee, 2002), 69. The Agriculture Marketing Act, which established the Federal Farm Board in 1929, was seen as an important precursor to this act. The AAA, along with other New Deal programs, represented the federal government's first substantial effort to address economic welfare in the United States. Background W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Franklin D
Franklin may refer to: People * Franklin (given name) * Franklin (surname) * Franklin (class), a member of a historical English social class Places Australia * Franklin, Tasmania, a township * Division of Franklin, federal electoral division in Tasmania * Division of Franklin (state), state electoral division in Tasmania * Franklin, Australian Capital Territory, a suburb in the Canberra district of Gungahlin * Franklin River, river of Tasmania * Franklin Sound, waterway of Tasmania Canada * District of Franklin, a former district of the Northwest Territories * Franklin, Quebec, a municipality in the Montérégie region * Rural Municipality of Franklin, Manitoba * Franklin, Manitoba, an unincorporated community in the Rural Municipality of Rosedale, Manitoba * Franklin Glacier Complex, a volcano in southwestern British Columbia * Franklin Range, a mountain range on Vancouver Island, British Columbia * Franklin River (Vancouver Island), British Columbia * Franklin Strai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Secretary Of Agriculture
The United States secretary of agriculture is the head of the United States Department of Agriculture. The position carries similar responsibilities to those of agriculture ministers in other governments. The department includes several organizations. The 297,000 mi2 (770,000 km2) of national forests and grasslands are managed by the United States Forest Service. The safety of food produced and sold in the United States is ensured by the Food Safety and Inspection Service, United States Food Safety and Inspection Service. The Food Stamp Program works with the states to provide food to low-income people. Secretary of Agriculture is a Executive Schedule#Level I, Level I position in the Executive Schedule, thus earning a salary of US Dollar, US$221,400, as of January 2021. Since February 24, 2021, the current secretary is Tom Vilsack, who had previously served as the 30th secretary of agriculture in the Obama administration. List of secretaries of agriculture When t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open Market Operation
In macroeconomics, an open market operation (OMO) is an activity by a central bank to give (or take) liquidity in its currency to (or from) a bank or a group of banks. The central bank can either buy or sell government bonds (or other financial assets) in the open market (this is where the name was historically derived from) or, in what is now mostly the preferred solution, enter into a repo or secured lending transaction with a commercial bank: the central bank gives the money as a deposit for a defined period and synchronously takes an eligible asset as collateral. Central banks usually use OMO as the primary means of implementing monetary policy. The usual aim of open market operations is—aside from supplying commercial banks with liquidity and sometimes taking surplus liquidity from commercial banks—to manipulate the short-term interest rate and the supply of base money in an economy, and thus indirectly control the total money supply, in effect expanding money or contra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System. Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and currently also include supervising and regulating banks, maintaining the stabili ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Open Market Committee
The Federal Open Market Committee (FOMC), a committee within the Federal Reserve System (the Fed), is charged under United States law with overseeing the nation's open market operations (e.g., the Fed's buying and selling of United States Treasury securities). This Federal Reserve committee makes key decisions about interest rates and the growth of the United States money supply. Under the terms of the original Federal Reserve Act, each of the Federal Reserve banks was authorized to buy and sell in the open market bonds and short term obligations of the United States Government, bank acceptances, cable transfers, and bills of exchange. Hence, the reserve banks were at times bidding against each other in the open market. In 1922, an informal committee was established to execute purchases and sales. The Banking Act of 1933 formed an official FOMC. The FOMC is the principal organ of United States national monetary policy. The Committee sets monetary policy by specifying the sho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Populism
Populism refers to a range of political stances that emphasize the idea of "the people" and often juxtapose this group against " the elite". It is frequently associated with anti-establishment and anti-political sentiment. The term developed in the late 19th century and has been applied to various politicians, parties and movements since that time, often as a pejorative. Within political science and other social sciences, several different definitions of populism have been employed, with some scholars proposing that the term be rejected altogether. A common framework for interpreting populism is known as the ideational approach: this defines ''populism'' as an ideology which presents "the people" as a morally good force and contrasts them against "the elite", who are portrayed as corrupt and self-serving. Populists differ in how "the people" are defined, but it can be based along class, ethnic, or national lines. Populists typically present "the elite" as comprising the po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oklahoma
Oklahoma (; Choctaw language, Choctaw: ; chr, ᎣᎧᎳᎰᎹ, ''Okalahoma'' ) is a U.S. state, state in the South Central United States, South Central region of the United States, bordered by Texas on the south and west, Kansas on the north, Missouri on the northeast, Arkansas on the east, New Mexico on the west, and Colorado on the northwest. Partially in the western extreme of the Upland South, it is the List of U.S. states and territories by area, 20th-most extensive and the List of U.S. states and territories by population, 28th-most populous of the 50 United States. Its residents are known as Oklahomans and its capital and largest city is Oklahoma City. The state's name is derived from the Choctaw language, Choctaw words , 'people' and , which translates as 'red'. Oklahoma is also known informally by its List of U.S. state and territory nicknames, nickname, "Sooners, The Sooner State", in reference to the settlers who staked their claims on land before the official op ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elmer Thomas
John William Elmer Thomas (September 8, 1876 – September 19, 1965) was a native of Indiana who moved to Oklahoma Territory in 1901, where he practiced law in Lawton. After statehood, he was elected to the first state senate, representing the Lawton area. Representative and a Senator from Oklahoma. In 1922, he ran successfully on the Democratic Party ticket for the U.S. House of Representatives. He was the Democratic nominee for the U.S. Senate in 1926; he won this race and held the seat until 1950, when he lost the party nomination to A.S. (Mike) Monroney. Thomas returned to a private law practice in Washington, D.C., and in 1957 moved his practice back to Lawton, where he died in 1965. Early life Born on a farm in Putnam County, Indiana, near Greencastle, to William and Elizabeth Thomas on September 8, 1876, he attended the common schools; graduated from the Central Normal College (now Canterbury College), Danville, Indiana, in 1897 and from the graduate department of DePauw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elmer Thomas, Claude M
Elmer is a name of Germanic British origin. The given name originated as a surname, a medieval variant of the given name Aylmer, derived from Old English ''æþel'' (noble) and ''mær'' (famous). It was adopted as a given name in the United States, "in honor of the popularity of the brothers Ebenezer and Jonathan Elmer, leading supporters of the American Revolution." The name has declined in popularity since the first decades of the 20th century and fell out of the top 1,000 names used for American boys in 2009. However, it continues in use for newborn boys in the United States, where 154 boys born there in 2021 received the name. The name is common in the United States and Canada. Notable people with the name include: Mononym * Eilmer of Malmesbury (or Elmer), 11th-century English Benedictine monk * In the amateur radio subculture, an '' Elmer'' is a mentor to a newcoming amateur radio operatorThe term first appeared in the March, 1971 issue of ''QST'' magazine's "How's DX" ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Southern Tenant Farmers Union
The Southern Tenant Farmers Union (STFU) (1934–1970) was founded as a civil farmer's union to organize tenant farmers in the Southern United States. Originally set up in July 1934 during the Great Depression, the STFU was founded to help sharecroppers and tenant farmers get better arrangements from landowners. They were eager to improve their share of profit or subsidies and working conditions. The STFU was established as a response to policies of the Agricultural Adjustment Administration (AAA). Part of the New Deal, the AAA was a program to reduce production in order to increase prices of commodities; landowners were paid subsidies, which they were supposed to pass on to their tenants. The program was designed by President Franklin D. Roosevelt to help revive the United States' agricultural industry and to recharge the depressed economy. The AAA called for a reduction in food production, which would, through a controlled shortage of food, raise the price for any given food ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delta And Providence Cooperative Farms
The Delta and Providence Cooperative Farms were started in Bolivar County, Mississippi, in 1936; and Holmes County, Mississippi, in 1939, respectively. The farms were founded and run by missionary evangelist and author Sherwood Eddy, and Reverend Sam H. Franklin, with the goal of helping southern sharecroppers out of their economic plight (caused in part by side effects of the New Deal's Agricultural Adjustment Administration). Eddy drew considerable support from his friend, the theologian Reinhold Niebuhr, who once called the farms "the most significant experiment in social Christianity now being conducted in America." The cooperatives were organized around four principles: efficiency in production and economy in finance through the cooperative principle, participation in building a socialized economy of abundance, inter-racial justice, and realistic religion as a social dynamic. In the early stages, many of the first cooperative members at the Delta Cooperative Farm were sha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sharecroppers
Sharecropping is a legal arrangement with regard to agricultural land in which a landowner allows a tenant to use the land in return for a share of the crops produced on that land. Sharecropping has a long history and there are a wide range of different situations and types of agreements that have used a form of the system. Some are governed by tradition, and others by law. The Italian ''mezzadria'', the French ''métayage'', the Catalan '' masoveria'', the Castilian ''mediero'', the Slavic ''połowcy'' and ''izdolshchina'', and the Islamic system of ''muzara‘a'' (المزارعة), are examples of legal systems that have supported sharecropping. Overview Sharecropping has benefits and costs for both the owners and the tenant. Under a sharecropping system, the landowner provided a share of land to be worked by the sharecropper, and usually provided other necessities such as housing, tools, seed, or working animals. Local merchants usually provided food and other supplies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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