An increase in credit flexibility might have helped reduce some of the dramatic effects of the stock market crash. ... Banks had been closing all over the country due to frightened citizens withdrawing all of their money. ... With this new trust in banks being established, the focus was turned to the common household and farmers. ... This form of aid would also be instrumental in helping the mortgage-holding banks to stay in business. The Frazier-Lemke Farm Bankruptcy Act was aimed at helping to save farms from going under due to bank foreclosure. ...

• Word Count: 3128
• Approx Pages: 13
• Has Bibliography
• Grade Level: Undergraduate