Eisenhower Begins the Food for Peace Program
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Government and Politics, Diplomacy, International Relations, Foreign Affairs, Economics, Agriculture
- Subcategories: Business, Trade, Commerce, Laws, Acts, Legislation, Humanitarian Aid, Disaster Relief, Farms, Farming, Rural Life
- Curriculum: American History 1951-present
- Geographical Location: Washington, D.C.
- Date: July 10, 1954
Article abstract: Public Law 480 allowed the U.S. Department of Agriculture to buy surplus agricultural commodities and use them for donation abroad, for barter, or for sale for native currency.
Summary of Event
The Agricultural Trade Development and Assistance Act of 1954, commonly known as Public Law 480 or the “Food for Peace” program, provides for surplus U.S. farm commodities to be sold for foreign currencies and used as donations and barter goods. The objectives of PL 480, as stated by Congress, are to promote economic stability for American...
[The entire page is 2183 words long]
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