Abstract
It is fifty years since the introduction of the US farm commodity programmes launched under the New Deal. Based on the concepts of relief, recovery and reform, the New Deal gave new hope to farmers emerging from the Great Depression. But how successful were these programmes? Don Paarlberg believes they were miscarried, becoming preferential, profligate and perennial. With the recent recession and the introduction of new farm legislation, the author speculates as to whether history will repeat itself.
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