Export Debenture Plan

Start Your Visit With

Historical Timelines
Chronological Eras
Information Tables
General Interest Maps
History Quizzes

Travel and History Blog

Follow OregonCoastMag on Twitter


The farm crisis of the 1920s continued into the Herbert Hoover administration. The president sided with his predecessor, Calvin Coolidge, by opposing “socialistic” solutions to the farmers’ ills and insisted that the government play only a very limited role in tinkering with the nation’s economy for the farmers’ benefit.

An increasingly powerful farm bloc in Congress thought otherwise. They were concerned that for many farmers the cost of growing some crops was more than what they received at market. Earlier efforts in 1926 and 1928 to enact an export debenture proposal had failed, but the Senate tried again in 1929.

The plan received enthusiastic backing from the Grange and called for the following:

The Senate passed a measure containing these provisions. It was considered three times by the House in the spring of 1929 and was voted down each time. Hoover played a role in the demise of the plan as well, publicly stating that he would veto the bill if it passed. The president had his own idea of how to deal with the farm crisis.

See other aspects of Hoover's domestic policy.

Off-site search results for "Export Debenture Plan"...

Miami Exporting Company
... EntriesChillicotheCincinnatiDaytonMariettaOhioSteubenvilleZanesville   The Miami Exporting Company was the first bank chartered in Ohio by the state legislature.  It was located in Cincinnati and received its charter in 1803.  At this time ...

An Import/Export Company
... Web Parlour On the Brink of the Edge Page On the Edge© Deck Library AN IMPORT/EXPORT COMPANY by John Baker:jmb14@psu.edu I've been working on redesigning my deck once called "Stick to the Corridor!" which was a Hangman/Criminal/Terminal deck ...

DRCLAS Events - DRCLAS Calendar of Events - Export
... Month     Year     Events   Sync Export Export to: Date: End Date:       Export   :   Log in Thyme 1.3 © 2006 eXtrovert Software LLC. All rights reserved. Ph. 617-495-0514 || Fax. 617-496-2802 1730 Cambridge Street, Cambridge, MA 02138 ...