The Study On American Agricultural Legislation In The 1920s

In the first two decades of the 20th century, American agriculture had experienced rapidly development. Both the production and price of agricultural products had been greatly promoted, so had the growth of farmers' income. The First World War led to the prosperity of American agriculture to its most, but it also stimulated the problems that had been hidden for a long time. Shortly after the end of the war, the excess production capacity and the decline of domestic and foreign demand, resulted in a large quantity of surplus agricultural products, which directly caused price fall of agricultural products. When the farmers sought the government's relief plan, the McNary-Haugen Bill stood out. In order to ensure the bill' passage in Congress, the Midwest farm groups had revised the bill for many times. In the meantime, they actively united all kinds of farm groups, and sought the support of other industries. Eventually, the Congress passed the McNary-Haugen Bill for twice, but each time it was vetoed by President Coolidge. Even so, the significance of McNary-Haugen Bill would not be erased in the history of the American agriculture policy.