🖋️AP US HISTORY; Great Depression Project🖋️
✉️FARM CREDIT ADMINISTRATION (FCA)✉️️
Founded: March 17, 1933
First New Deal
Purpose: Provide credit and other services to agricultural producers and farmer-owned cooperatives
Was it successful? To an extent
Issues: Unsuccessful in increasing short-term credit to farmers
FCA was responsible for chartering, examining, and supervising all Federal credit unions, but oversight ended in 1942.