McNary-Haugen Farm Relief Bill

The McNary-Haugen Farm Relief Bill was a proposed law in the 1920s aimed at helping American farmers facing low crop prices. It sought government intervention to buy surplus crops at stable prices and sell them abroad, reducing global overproduction and ensuring fair income for farmers. Although Congress passed the bill twice, President Calvin Coolidge vetoed it both times, believing it interfered with market forces. The bill reflected efforts to stabilize agriculture economy, but it ultimately was not enacted into law.