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Notes

NAVIGATION

Chapter 1: Discovery Chapter 2: The Sixteenth Century--Sailors Spread the Seeds Chapter 3: The Seventeenth Century--"The Great Age of the Pipe" Chapter 4: The Eighteenth Century--Snuff Holds Sway Chapter 5: The Nineteenth Century--The Age of the Cigar Chapter 6: The Twentieth Century, 1900-1950--The Rise of the Cigarette Chapter 7: The Twentieth Century, 1950-1999--The Battle is Joined Chapter 8: The Twenty-First Century -- A New Millenium Notes

Tobacco Timeline--NOTES

Author: Gene Borio

TOBACCO TIMELINE

Copyright 1993-2003 Gene Borio

NOTES

  • U.

    S. LEGISLATIVE HISTORY:

    • 1933: The Agricultural Adjustment Act of 1933.

Tobacco farmers were being ruined as the market dropped, manufacturers hid their purchase plans and banks charged interest rates of up to 37%. 25% of all families in North Carolina were on relief as farmers appealed to the sympathetic Roosevelt administration. The Agricultural Adjustment Act guarantees price supports in exchange for limiting production via allotments and quotas; so long as farmers didn't grow past their seasonally allotted acreage, the government would buy the unsold tobacco. The plan is dependent on close communication with manufacturers, and their upcoming buying needs. The bill has undergone many amendments

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