Agriculture Marketing Act

Agriculture Marketing Act

Under the administration of Herbert Hoover, the Agriculture Marketing Act of 1929 established the Federal Farm Board with a revolving fund of half a billion dollars. The original act was sponsored by Hoover in an attempt to stop the downward spiral of crop prices by seeking to buy, sell and store agricultural surpluses or by generously lending money to farm organizations. The Act was not beneficial; as the inflation ran deeper than the value of the money, it started sinking and the losses of the farmers were getting bigger and bigger.

The Act was the precursor to the Agricultural Adjustment Act.


Wikimedia Foundation. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Cooperative Marketing Act — The Cooperative Marketing Act of 1926 was a piece of agricultural legislation passed in the United States which expanded upon the Capper Volstead Act of 1922. It allowed farmers to exchange “past, present, and prospective crop, market,… …   Wikipedia

  • Agriculture aux États-Unis — Photographie satellite de champs circulaires du Kansas caractéristiques de l irrigation à pivot central. L agriculture est un secteur clé de l économie des États Unis, le pays étant le 1er exportateur et le 2e importateur mondial. C est …   Wikipédia en Français

  • Agriculture and Agri-Food Canada — Departments of the Government of Canada Agriculture and Agri Food (AAFC) Agriculture et Agroalimentaire Canada …   Wikipedia

  • Agriculture —    Perhaps no area was affected by the changing trends of the decades of the 1930s and 1940s as much as agriculture. Although for much of its history the United States was a predominantly agrarian economy, by the end of the 19th century, farmers… …   Historical Dictionary of the Roosevelt–Truman Era

  • Agriculture in Australia — is a major industry. 402,000 people are employed in agriculture and agriculture related services, and agriculture accounts for approximately 3% of Australia’s GDP. Until the late 1950s agriculture accounted for up to 80% of Australia s export… …   Wikipedia

  • Agriculture in Saskatchewan — is the production of various food, feed, or fiber commodities to fulfill domestic and international human and animal sustenance needs. The newest agricultural economy to be developed in renewable biofuel production or agricultural biomass which… …   Wikipedia

  • Agriculture and Food Supplies — ▪ 2007 Introduction Bird flu reached Europe and Africa, and concerns over BSE continued to disrupt trade in beef. An international vault for seeds was under construction on an Arctic island. Stocks of important food fish species were reported… …   Universalium

  • Agriculture in Mauritania — Located in the Sahelian and Saharan zones, Mauritania has one of the poorest agricultural bases in West Africa. Most important to the rural economy has been the livestock subsector. Between 1975 and 1980, herding engaged up to 70 percent of the… …   Wikipedia

  • Agriculture in Uganda — Uganda s favorable soil conditions and climate have contributed to the country s agricultural success. Most areas of Uganda have usually received plenty of rain. In some years, small areas of the southeast and southwest have averaged more than… …   Wikipedia

  • Agriculture in the United Kingdom — A combine harvester in Scotland Agriculture in the United Kingdom uses around 71% of the country s land area and contributes about 0.6% of its gross value added. The UK produces less than 60% of the food it eats and the industry s share of the… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”