McNARY-HAUGEN BILL, a plan to rehabilitate American agriculture by raising the domestic prices of farm products. By the end of 1920 the decline of foreign markets, the effects of the protective tariff, and the burdens of debt and taxation had created a serious agricultural depression. It grew steadily worse in the mid-1920s. The McNary-Haugen plan proposed that farm products for domestic sale be segregated from exports. The former would be sold at the higher domestic price (world price plus the tariff), and the latter at the world price. Farmers of each commodity would meet the difference between the higher domestic price and the world price by levying an "equalization fee" on themselves and distributing the proceeds. The legislation, before Congress from 1924 to 1928, received vigorous support from agricultural interests. In 1927 and in 1928 it passed both houses, only to meet two vetoes by President Calvin Coolidge.
Harstad, Peter T., and Bonnie Lindemann. Gilbert N. Haugen: Norwegian-American Farm Politician. Iowa City: State Historical Society of Iowa, 1992.
Hoffman, Elizabeth, and Gary D. Libecap. "Institutional Choice and the Development of U.S. Agricultural Policies in the 1920s." Journal of Economic History 51 (1991).
Thomas S. Barclay / a. r.
See also Agricultural Price Support ; Agriculture ; Export Debenture Plan ; Wheat .
"McNary-Haugen Bill." Dictionary of American History. . Encyclopedia.com. (November 20, 2017). http://www.encyclopedia.com/history/dictionaries-thesauruses-pictures-and-press-releases/mcnary-haugen-bill
"McNary-Haugen Bill." Dictionary of American History. . Retrieved November 20, 2017 from Encyclopedia.com: http://www.encyclopedia.com/history/dictionaries-thesauruses-pictures-and-press-releases/mcnary-haugen-bill
Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA).
Within the “Cite this article” tool, pick a style to see how all available information looks when formatted according to that style. Then, copy and paste the text into your bibliography or works cited list.
Because each style has its own formatting nuances that evolve over time and not all information is available for every reference entry or article, Encyclopedia.com cannot guarantee each citation it generates. Therefore, it’s best to use Encyclopedia.com citations as a starting point before checking the style against your school or publication’s requirements and the most-recent information available at these sites:
Modern Language Association
The Chicago Manual of Style
American Psychological Association
- Most online reference entries and articles do not have page numbers. Therefore, that information is unavailable for most Encyclopedia.com content. However, the date of retrieval is often important. Refer to each style’s convention regarding the best way to format page numbers and retrieval dates.
- In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list.