Word: hooverized
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Dates: during 1920-1929
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Debentures In. Trouble began when the Senate voted 47 to 44 to retain in the bill the Export Debenture Plan, ten objections by President Hoover notwithstanding (TIME, April 29). The line of cleavage on this vote proved two things; 1) The Hoover 1928 victory in four Southern States carried no weight in the Senate where Democrats (with two exceptions) joined solidly against him and for the Debenture Plan; 2) The nine-year coalition of Democrats and Progressive Republicans still held a whip hand over major legislation, despite the G. O. P.'s paper majority of 17 votes...
Twofold were Herbert Hoover's promises to U. S. farmers in the 1928 campaign. One was relief by means of a new Federal agency to assist in crop marketing. The other was relief by means of increased tariff rates on agricultural commodities, to protect the U. S. husbandman from foreign competition, to put him on a parity with U. S. industry...
...Farmers. Conforming to the Hoover promise, agricultural duties were raised by the proposed Bill, but not so high as the farmer had demanded and expected. The wheat rate remained pegged at 42¢ per bushel, to which point President Coolidge had raised it from 30¢ under the flexibility provision of the tariff law. Wheat raisers could hope, however, that by the same process President Hoover might some day advance the duty to 63?...
...group was completely satisfied with the House bill. The schedules on tobacco, wines and spirits alone escaped some sort of alteration by the committee. Out of the 626 paragraphs in the 1922 Tariff Law which this measure amends and replaces, 233 were changed. President Hoover's insistence upon "limited" tariff revision produced shifts in about one-third of the rates, practically all of them upwards. In the chemical schedule, for instance, there were 39 changes?33 up, six down...
...Revolt." The reception of the new Tariff Bill in the House was so muddled, so many grievances of special groups were so massed together, as to give the appearance of a major revolt against the Hoover-dominated Committee which drew the Bill. The old axiom, "The tariff is a local issue," was never more clearly demonstrated...