Tag Archives: roosevelt

Rural Electrification Administration and Broadband

President Franklin D. Roosevelt wrote on May 11, 1935, “I hereby establish an agency within the Government to be known as the Rural Electrification Administration…to initiate, formulate, administer, and supervise a program of approved projects with respect to the generation, transmission, and distribution of electric energy in rural areas.” In 1935, only 10% of America’s …

Frazier-Lemke Farm Bankruptcy Act, The Great Depression, and Louis Brandeis

Frazier-Lemke

My Country – Frazier-Lemke Farm Bankruptcy Act In the 1920s and 1930s, farmers accrued large amounts of debt. Farm prices feel as the industrial revolution increased manufacturing prices. Farmers found it impossible to pay off their mortgages. As we noted yesterday, historically, bankruptcy was used to liquidate the assets of a debtor, distribute the proceeds, …