49. Peace brought an end to government guaranteed high prices and to massive purchases by other nations, as foreign production reentered the stream of world commerce.
50. The Capper-Volstead Act of 1921 exempted farmers’ marketing cooperatives from antitrust prosecution.
51. The McNary-Haugen Bill, pushed from 1924-1928, sought to keep agricultural prices high by authorizing the government to buy up surpluses and sell them abroad. Government losses were to be made up by a special tax on the farmers. Congress passed the bill twice, but Coolidge vetoed them twice.
52. The Democrats, in the 1924 race, were split between “wets” and “drys,” urbanites and farmers.
53. The conventioneers failed by one vote to pass a resolution to condemn the Ku Klux Klan.
54. After 102 ballots, John W. Davis emerged as the Democratic choice. He was no less conservative than cautious Calvin Coolidge.
55. Senator “Fighting Bob” La Follette emerged at the head of the Progressive party. La Follette’s party was a head without a body. It was a shadow of the robust Progressive coalition of prewar days. Its platform called for government ownership of railroads and relief for farmers, lashed out at monopoly and antilabor injunctions, and urged a constitutional amendment to limit the Supreme Court’s power to invalidate laws passed by Congress.
56. Coolidge won the election.
Hey yall stick your hand down in that there hole and if a flat head bites it, hand it off to Zac.
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