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Framers believed that when the parity fell below 100 they were being victimized by the cities. Some aggressive farm groups, especially the American Farm Bureau Federation (the Farm Bureau) wanted parity ratios as high as possible.
Framers believed that when the parity fell below 100 they were being victimized by the cities. Some aggressive farm groups, especially the American Farm Bureau Federation (the Farm Bureau) wanted parity ratios as high as possible.
In the 1920s farmers demanded the [[McNary-Haugen Bill]], a panacea that would raise parity by having th government buy up surpluses at high prices and dumping them at low prices abroad. President [[Calvin Coolidge]] vetoed it. When parity fell very low in the early opart of the [[Great Depression]], American farmers were devastated. In the 1930s the [[New Deal]]'s [[AAA]] program sought to reach parity by reducing the volume of output. The AAA split the conservatives--those in rural America applauded and those in urban America opposed it. By 1938 a bipartisan compromise had been reached that continued into the 1950s.
In the 1920s farmers demanded the [[McNary-Haugen Bill]], a panacea that would raise parity by having th government buy up surpluses at high prices and dumping them at low prices abroad. President [[Calvin Coolidge]] vetoed it. When parity fell very low in the early opart of the [[Great Depression]], American farmers were devastated. In the 1930s the [[New Deal]]'s [[AAA]] program sought to reach parity by reducing the volume of output. The AAA split the conservatives—those in rural America applauded and those in urban America opposed it. By 1938 a bipartisan compromise had been reached that continued into the 1950s.
The term "[[Purchasing Power Parity]]" is a statistical method used to make comparable measurements of the economies of different countries.
The term "[[Purchasing Power Parity]]" is a statistical method used to make comparable measurements of the economies of different countries.
*source: Don Paarlberg, ''The Agricultural Revolution of the 20th Century'' (2001) p 183 [http://books.google.com/books?id=7xYewA8coD4C&pg=PA128&dq=parity+1910-1914&lr=&as_drrb_is=q&as_minm_is=0&as_miny_is=&as_maxm_is=0&as_maxy_is=&num=30&as_brr=3#v=onepage&q=parity%201910-1914&f=false online]</TD> </TR>
*source: Don Paarlberg, ''The Agricultural Revolution of the 20th Century'' (2001) p 183 [http://books.google.com/books?id=7xYewA8coD4C&pg=PA128&dq=parity+1910-1914&lr=&as_drrb_is=q&as_minm_is=0&as_miny_is=&as_maxm_is=0&as_maxy_is=&num=30&as_brr=3#v=onepage&q=parity%201910-1914&f=false online]</TD> </TR>
</TABLE>
</TABLE>
==see also==
==See also==
* [[McNary-Haugen Bill]], did not pass in 1920s
* [[McNary-Haugen Bill]], did not pass in 1920s
* [[Agricultural Adjustment Administration]], the AAA of 1930s
* [[Agricultural Adjustment Administration]], the AAA of 1930s
==further reading==
==Further reading==
* Benedict. Murray R. ''Farm Policies of the United States, 1790-1950: A Study of Their Orgin and Development'' (1953)
* Benedict. Murray R. ''Farm Policies of the United States, 1790-1950: A Study of Their Orgin and Development'' (1953)
* Black, John D. ''Parity, Parity, Parity'' (1942) [http://www.questia.com/read/77475195?title=Parity%2c%20Parity%2c%20Parity online edition]
* Black, John D. ''Parity, Parity, Parity'' (1942) [http://www.questia.com/read/77475195?title=Parity%2c%20Parity%2c%20Parity online edition]
* Wilcox, Walter W. et al. ''Economics of American Agriculture'' (1974) [http://www.questia.com/read/97441342?title=Economics%20of%20American%20Agriculture online edition]
* Wilcox, Walter W. et al. ''Economics of American Agriculture'' (1974) [http://www.questia.com/read/97441342?title=Economics%20of%20American%20Agriculture online edition]
====references====
====References====
<references/>
<references/>
[[Category:Agriculture]]
[[Category:Agriculture]]
[[Category:1920s]]
[[Category:1920s]]
[[Category:New Deal]]
[[Category:New Deal]]
[[category:Farmers]]
[[Category:Farmers]]