Question: Base your answer to this question on the following newspaper editorial : EFFECT OF THE COTTON-CUT, in THE SOUTH REPORTER (HOLLY SPRINGS, MS), 06 JAN
Base your answer to this question on the following newspaper editorial:
EFFECT OF THE COTTON-CUT, in THE SOUTH REPORTER (HOLLY SPRINGS, MS), 06 JAN 1933 "The Roosevelt plan [i.e., the Agricultural Adjustment Administration] to effect a cut of 25 to 50 percent in cotton production is conspicuously unique and well thought out. It is hoped that it will be put through unanimously, and if so, it will be of great benefit to all Southern cotton planters and tenant farmers, and, in turn, to the entire country. "Supposing the signatures obtained to the plan, through unresponsiveness of the growers or through their overestimates of production per acre, make it successful only to the extent of half what is hoped for, or less. What will be the result? "We believe the government will accept the curtailed offer on the ground that half a slice is better than none at all. If that should be the case, who is going to benefit? The only man who is going to benefit in that case is the man who signed up, and gets his money now for the portion of the crop he has agreed to plow under. "The point is this--if all sign up [more scarcity], there is going to be a much higher price paid for all of this years crop, while if only half of the farmers sign up [less scarcity] the price will probably drop from present levels considerably. A signing-up of only half the farmers would be taken generally as a failure of the plan--even though it would do some good. That's what would make the price of cotton fall. "But, take the man--one of the half who sign up--he gets present prices (and more) for the cotton he plowed under--a great deal more than he would get for his remaining crop. The others will get the lower price for their entire crop."
What does the author predict will happen if only half the farmers sign up for Roosevelt's plan?
| Farmers who signed up for Roosevelt's plan will make less money than those who did not. |
| Farmers who signed up for Roosevelt's plan will make more money than those who did not. |
| Roosevelt's plan will proceed anyway. |
| BOTH these answers are correct: "Farmers who signed up for Roosevelt's plan will make more money than those who did not" AND "Roosevelt's plan will proceed anyway." |
| Roosevelt's plan will fail. |
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