If implemented, the Southern Alliance's proposed "Subtreasury System" would have eased the farm debt crisis by
A) decreasing production of certain crops to raise prices.
B) relying on federal loans rather than bank loans.
C) lowering interest rates on bank loans.
D) nationalizing the Granger's collective marketing model.

Question

Quizplus · Accepted Answer

The Subtreasury Plan proposed by the Southern Alliance aimed to provide federal loans to farmers based on the stored crops they had, which would have allowed them to hold onto their crops until market prices were favorable, rather than relying on bank loans with potentially high interest rates. This system was intended to help farmers avoid the cycle of debt by providing them with a more stable and supportive financial option.

If Implemented, the Southern Alliance's Proposed "Subtreasury System" Would Have