Parity
A plan to help farmers injured from low prices and over-production. From 1909-1914, farms had enjoyed a period of prosperity. Parity was the price placed on a product that gave it the same value, in buying power, that it had from 1909-1914. The AAA paid farmers to reduce production. The payment for this came from taxes gotten from the makers of expensive farm equipment.
Subject:
US History [1]
Vocabulary: