Asked by Kaylee Perry on May 21, 2024
Verified
Why did Calvin Coolidge veto the McNary-Haugen bill?
A) It did not provide enough support for farmers.
B) Coolidge was against free markets.
C) America did not need overseas products.
D) Coolidge was a Progressive politician.
E) Coolidge favored laissez-faire economics.
McNary-Haugen Bill
Vetoed by President Calvin Coolidge in 1927 and 1928, the bill to aid farmers that would have artificially raised agricultural prices by selling surpluses overseas for low prices and selling the reduced supply in the United States for higher prices.
Calvin Coolidge
The 30th President of the United States (1923–1929), known for his small government conservatism and for his quiet and reserved personality, leading the nation through the Roaring Twenties.
Laissez-faire Economics
An economic theory advocating minimal government intervention in the marketplace and allowing free interaction of supply and demand.
- Identify major legislative and political actions of the 1920s, including vetoes and bills that influenced economic and social policy.
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Learning Objectives
- Identify major legislative and political actions of the 1920s, including vetoes and bills that influenced economic and social policy.
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