1 nov 1927 - McNary–Haugen Farm Relief Bill
Description:
The McNary–Haugen Farm Relief Act, which never became law, was a controversial plan in the 1920s to subsidize American agriculture by raising the domestic prices of farm products. The plan was for the government to buy the wheat and then store it or export it at a loss.
It passed Congress on February 17, 1927, but was vetoed by President Coolidge on February 25, 1927.
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