Work in progress — cycles are added one at a time. Every quote is machine-verified against an archived source; follow the links to read it.

1932 › Norman Thomas (Socialist) › Farm and home mortgage relief

Government aid to farmers and small home-owners against foreclosure and tax sales; moratorium on interest debated

pledge_forwarddirectional_stanceparty_platformevidence B AgricultureBanking & Finance similar solutions · similar reasoning

Solution

Governmental aid to farmers and small home-owners to protect them against foreclosures and non-payment of taxes (the 11th plank); a proposed moratorium on all interest charges was referred to the executive committee.

Rationale

Foreclosure is 'capitalist confiscation' of the workers' homes.

Evidence B: the platform text is archived only as contemporary newspaper OCR (Milwaukee Leader, the Socialist daily) and Levinson's New Leader summary, not the official platform document.

Statements (1)

1932-05-24 · Edward Levinson, convention report in The New Leader (May 28) · conventionparty_platform ✓ verified

A farm re- lief plank proposed "governmental aid to farmers and small home- owners to protect them against foreclosures and non-payment of taxes."

Source: The Socialist Party Convention Day-by-Day (1932-05-24)

Follow-through

not_applicable

Thomas received 2.2 percent of the vote; the Socialist program could not be tested in office. Federal mortgage refinancing for farms and homes (1933) addressed the foreclosure plank; the interest moratorium was not adopted.

Enacted by others

1933-06-13

Franklin D. Roosevelt

statute Emergency Farm Mortgage Act; Home Owners' Loan Act

source

Other positions on this issue

Government assistance to keep home-owners and farm-owners from foreclosure — Franklin D. Roosevelt, 1932 specific_pledge
The Federal Home Loan Bank system to stop home foreclosures and finance new homes — Herbert Hoover, 1932 specific_pledge
Reorganize and enlarge the Federal Land Banks to refinance farm mortgages; curb Joint Stock Land Bank abuses — Herbert Hoover, 1932 specific_pledge
Low interest rates, sounder home financing, better banking — Franklin D. Roosevelt, 1936 directional_stance
Refinance farm mortgages through the Frazier-Lemke plan (government-issued credit at low interest) — William Lemke, 1936 specific_pledge

1932-thomas-farm-foreclosure-tax-relief · created by claude-fable-5-1 · review: unreviewed