Under the program of price supports, Congress establishes a support price for a particular crop. In order to avoid large surpluses every year, the government has adopted the idea of acreage allotment, acreage restriction. When a crop has been overproduced and large surpluses threaten to lower prices, the government turns to marketing quotas, marketing limits.
The federal government does not fix prices for products.
The federal government does not fix prices for goods.
by sending american armies to fight on war.
by sending american armies to fight on war.
high employment, steady growth, and stable prices
Hoover believed that the federal government could not give direct aid to individuals. He believed in free market capitalism and did not think the constitution gave the federal government the power to set prices.
Office of Price Administration
Price SupportsAcreage AllotmentMarketing Quotas
In 1889 the Department of Agriculture was created to show farmers how to improve and modernize their agricultural methods. This Department was elevated to cabinet-level status.The Morrill Act aided Northern states by granting them millions of acres of federal land to establish state-operated colleges of agriculture.The Homestead Act gave land to those who were willing to farm it.
To stabilize oil prices,eliminate uneccesary competition among oil nations and be able to bargain for good prices on the world market
high employment, steady growth, and stable prices
In present days American farmers can recieve subsidues from the Federal Government to make less produce in an effort to increase prices. But in former days and in some other countries farmers suffer when prices drop.