Doctrine of parity
The doctrine of parity was used to justify agricultural price controls in the United States beginning in the 1920s. It was the belief that farming should be as profitable as it was between 1909 and 1914, an era of high food prices and farm prosperity. The doctrine sought to restore the "terms of trade" enjoyed by farmers in those years. It was highly controversial, since critics argued it ignored changes in agricultural productivity and set an artificial standard.
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Doctrine of parity
The doctrine of parity was used to justify agricultural price controls in the United States beginning in the 1920s. It was the belief that farming should be as profitable as it was between 1909 and 1914, an era of high food prices and farm prosperity. The doctrine sought to restore the "terms of trade" enjoyed by farmers in those years. It was highly controversial, since critics argued it ignored changes in agricultural productivity and set an artificial standard.
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The doctrine of parity was use ...... re still regularly introduced.
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The doctrine of parity was use ...... nd set an artificial standard.
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Doctrine of parity
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