How did the government or business sector attempt to fix the problems in the Texas economy
The Smith-leveler act of 1914 create advantages help develop programs in agricultural industries.
President Roosevelt introduced his new deal program which included agricultural politics to help Texas farmers.
New innovations in the industry led to multiple uses for each part of the cotton ball.
World war II industries were producing materials for war efforts farming and agriculture were not the priority.
In addition, the government and business sector in Texas attempted to fix the problems in the economy through various initiatives such as:
- The establishment of the Texas Department of Agriculture to promote farming and ranching in the state.
- The implementation of programs to improve rural infrastructure including roads, bridges, and irrigation systems.
- The introduction of incentives and subsidies for farmers to diversify their crops and improve productivity.
- The promotion of trade agreements to increase exports of agricultural products.
- The support of research and development in the agricultural sector to increase efficiency and sustainability.
- The creation of programs to provide financial assistance and resources to struggling farmers.
- The implementation of policies to regulate and stabilize commodity prices in the market.