Rural Electrification Act (1936)
The New Deal created the Rural Electrification Administration, lending at low interest to cooperatives to wire farms that private utilities refused to serve. In 1935, roughly 10% of U.S. farms had electricity; by 1950, about 90% did.
Cooperatives built distribution lines across the countryside, and rural power became standard.
The program evolved into today's Rural Utilities Service, still lending cheap federal money to electric cooperatives.
The Smarr loan is the same subsidy mechanism deployed for a purpose the New Dealers never faced: a gas plant half a mile from an AI data center.
