Which of the Following Statements Is True of the McNary-Haugen

question 69

Multiple Choice

Which of the following statements is true of the McNary-Haugen bill?

• A) It called for surplus crops to be sold on the world market in order to raise domestic prices.
• B) It failed to pass Congress in 1922 but passed in 1927 with the support of President Coolidge.
• C) It effectively raised domestic commodity prices by slowing the mechanization of agriculture.
• D) It was viewed with derision by American farmers and led to widespread protests.
• E) It ushered in a new golden age of American agriculture after the Great War.

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Definitions:

Public Grazing Land

Land owned by the government that allows individuals to graze their livestock on it, typically for a fee or under certain conditions.

Common Resource

A resource like air or water that is not owned by anyone, but its use is available to everyone, leading to potential overuse.

Consumption

Consumption refers to the act of using goods and services by households, contributing to the overall demand in an economy.

Availability

The condition of being accessible or obtainable.