McNary-Haugen bill

(noun)

The McNary–Haugen Farm Relief Act, which never became law, was a highly 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 either store it or export it at a loss.

Related Terms

Examples of McNary-Haugen bill in the following topics:

  • The Republican Era

    • Coolidge initially supported a measure that would have created a federal board to lend money to farm co-operatives in times of surplus but the bill did not pass.
    • In February 1927, Congress took up the McNary-Haugen Bill again, this time narrowly passing it.
    • In his veto message, he expressed the belief that the bill would do nothing to help farmers, benefiting only exporters and expanding the federal bureaucracy.

  • Changes in Agricultural Production

    • Farmers had a powerful voice in Congress and demanded federal subsidies, most notably the McNary-Haugen Farm Relief Act.
    • McNary (R-Oregon) and Gilbert N.
    • Despite attempts in 1924, 1926, 1927, and 1928 to pass the bill, it was vetoed by President Calvin Coolidge and never approved.
    • McNary, left, and U.S.
    • Haugen in 1929.