Monday, March 21, 2011

Ch. 33 Q's

49. Peace brought an end to government guaranteed high prices and to massive purchases by other nations, as foreign production reentered the stream of world commerce.

50. The Capper-Volstead Act of 1921 exempted farmers' marketing cooperatives from antitrust prosecution.

51. The McNary-Haugen Bill, pushed from 1924-1928, wanted to keep agricultural prices high by authorizing the government to buy up surpluses and sell them abroad. Government losses to made up by a special tax on the farmers. Congress passed the bill twice, but Coolidge vetoed them twice.

Now to Alexis!!!!

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