In the 1920s,the idea of agricultural "parity" was
A) to match crop production with demand.
B) to ensure farmers would at least financially break even.
C) strongly opposed by Congress.
D) to equalize the average farmer income with the average industrial worker income.
E) invalidated by the passage of the McNary-Haugen Bill.

Question

Quizplus · Accepted Answer

The idea of agricultural "parity" in the 1920s was to ensure that farmers would at least financially break even. This was a response to the economic difficulties faced by farmers at that time, as they were struggling to cover their costs of production. The concept of parity was aimed at achieving a fair return on investment for farmers, similar to what industrial workers were earning. The Agricultural Adjustment Act of 1933 introduced the concept of parity into federal farm policy, which provided support for agricultural prices through production controls and price supports.

In the 1920s,the Idea of Agricultural "Parity" Was