Which policy aimed to stabilize farming through cooperative lending and price-setting in 1930?

• A. Hawley Smoot Tariff Act 1930
• B. Cut taxes by $130 million
• C. Agricultural Marketing Act 1930
• D. Won Congress approval of $1.8 billion for new construction and road and dam repair

Answer: (C)

Stabilizing farming through cooperative lending and price-setting is about the government helping farmers by pooling resources and backing prices through cooperative organizations. The Agricultural Marketing Act of 1930 created the Federal Farm Board to do exactly this: it provided credit to farm marketing cooperatives and allowed the government to purchase agricultural surpluses to influence prices. By supporting cooperatives, farmers could market their products together, gain bargaining power, and reduce price swings that hurt incomes during the Depression. This approach is distinct from acts that mainly raise tariffs, cut taxes, or fund broad public works, which don’t target farming stability through cooperative lending and price-setting.