One result of the Panic of 1819 was the passage of the Land Act of 1820, which in part, lowered the price of land in order to help farmers. It was enacted on April 24.
An agricultural subsidy
Because of how healthy the crops were compared to other unhealthy alternatives
In the early 1900's many farmers were overproducing which meant they were flooding the economy with their goods. Farmers were then slowly decreasing the price of their goods so that the government had to intervene with groups such as The Agricultural Adjustment Act, which paid farmers not to farm. Agriculture was, back then, a major part of the economy.
The McNary-Haugen Bill aimed to assist American farmers by establishing a system of price supports for agricultural products. It sought to stabilize farm prices and prevent the economic distress that many farmers faced during the 1920s and 1930s. The bill proposed the government buy surplus crops and sell them at a loss to help maintain higher prices for farmers. Although it was introduced multiple times, it ultimately failed to pass in Congress.
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lowered
The price could go up or down (ambiguous) but the quantity definitely would decrease
After the sale the price returns to 69.45
increase
It lowered the price of goods.
it lowered the price of tea It allowed the shipment of tea directly to the colonies.
The percent that a price is lowered is called a "discount." It represents the reduction from the original price, often expressed as a percentage. For example, if an item originally priced at $100 is reduced by 20%, the discount is 20%. Discounts are commonly used in sales and promotions to attract customers.
the prices lowered
Surplus crops
Agricultural Adjustment Act This New Deal program helped farmers through price support subsidies.
Agricultural Adjustment Act was The New Deal Program helped farmers through price support subsidies.
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