Why Didn't Southern Tenant Farmers Benefit from the Programs Developed

question 25

Multiple Choice

Why didn't southern tenant farmers benefit from the programs developed by the Agricultural Adjustment Act,the Commodity Credit Corporation,and the Farm Credit Act?

• A) The farmers' loan applications were not processed correctly.
• B) Southern states did not participate in these New Deal programs.
• C) The programs benefitted large farmers rather than tenant farmers who rented land.
• D) Tenant farmers did not qualify for these assistance programs because they didn't own the land they farmed.

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Definitions:

Tax Rates

The ratio of private or corporate earnings that is annexed by governmental agencies as tax.

Net Working Capital

The variance between a firm's immediate assets and immediate obligations, showcasing the near-term fiscal well-being and procedural effectiveness of the business.

Fixed Assets

Fixed Assets, also known as non-current assets, are long-term tangible property used in the operation of a business and not expected to be converted to cash within a year.

Shareholders' Equity

Shareholders' equity represents the residual interest in the assets of a company after deducting liabilities, essentially what is owned by shareholders.