The act was put into place on May 20th, 1936
This program was part of the reforming action. It's a permanent act that makes sure there won't be another great depression and ensures citizens that they are safe from another crisis.
Electrification administration effects on the economy
Facts about the R.E.A
❥in 1949 it was authorized to make loans for telephone improvements
❥in 1988 it was permitted to give interest-free loans for job creation.
❥about 98% of all farms in the U.S had electric service by the early 1970s
❥congress passed this law because they believed it would revolutionize rural life
❥Daniel Freeman was the first in the nation to file a homestead claim
❥in 1930 only 13% of farms had electricity
❥farm life improved with electricity
❥it was put up to give everyone a fair chance.
❥part of the New Deal D Roosevelt made to promote relief, reform, and recovery
❥the funding was channeled through cooperative electrical companies, which still exists today
unemployment rates- no change
confidence-building and the role of government- 👆🏽
per capita income-👇🏽
specific population groups affected-👇🏽