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This book explains how US government activity in the 1930s led to gains in farm productivity.
Focusing on the Great Plains states of Kansas, Nebraska, North Dakota, and South Dakota between 1929 and 1945, Down and Out on the Family Farm examines small familyøfarmers and the Rural Rehabilitation Program designed to help them. Historian Michael Johnston Grant reveals the tension between economic forces that favored large-scale agriculture and political pressure that championed family farms, and the results of that clash. ø The Great Depression and the drought of the 1930s lay bare the long-term economic instability of the rural Plains. The New Deal introduced the Rural Rehabilitation Program to assist lower- to middle-income farmers throughout the country. This program combined low-interest loans with managerial advice. However, these efforts were not enough to compete with the growing scale of agriculture or to counter the recurring drought of the era. Regional conservatism, environmental factors, and fiscal constraints limited the federal aid offered to thousands of families. ø Grant provides extensive primary source research from government documents, as well as letters, newspaper editorials, and case studies that focus on individual lives and fortunes. He examines who these families were and what their farms looked like, and he sheds light on the health problems and other personal concerns that interfered with the economic viability of many farms. The result is a provocative study that gives a human face to the hardships and triumphs of modern agriculture.
For nearly four centuries, Americans have debated the government's proper role in developing the economy. Some argue that the economy develops the best when government intervenes the least. Others counter that the economy best develops when government and business work together to that end. A Short History of American Industrial Policies analyzes the ideological, political, and industrial policy struggle from the colonial era to the 1990s. To give a complete understanding, both the chronology and process of America's industrial policymaking and policies are explored in depth throughout.
Case studies that examine how firms coordinate economic activity in the face of asymmetric information—information not equally available to all parties—are the focus of this volume. In an ideal world, the market would be the optimal provider of coordination, but in the real world of incomplete information, some activities are better coordinated in other ways. Divided into three parts, this book addresses coordination within firms, at the borders of firms, and outside firms, providing a picture of the overall incidence and logic of economic coordination. The case studies—drawn from the late nineteenth and early twentieth century, when the modern business enterprise was evolving, address such issues as the relationship between coordination mechanisms and production techniques, the logic of coordination in industrial districts, and the consequences of regulation for coordination. Continuing the work on information and organization presented in the influential Inside the Business Enterprise, this book provides material for business historians and economists who want to study the development of the dissemination of information and the coordination of economic activity within and between firms.
What is the government's proper role in the economy? Do free or managed markets best promote economic development? Who can best pick industrial winners and losers, the government or private sector? This book attempts to answer those and related questions by exploring the evolution and results of federal policies towards half a dozen economic sectors. Those policies are largely determined by the representatives of the targeted industry, bureaucrats from agencies and departments that administer that industry, and politicians with firms from that industry in their districts. These 'iron triangles' capture a 'virtuous' political economic cycle in which they use their united power to grant themselves favourable policies which in turn enhances their power. As will be seen, the results of such a politicized industrial policy process varies considerably from one industry to the next.