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| 1925, March 4–1929, March 4 |
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| CALVIN COOLIDGE president. | 1 |
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| 1925–29 |
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| Agricultural legislation. In Feb. 1922 the Capper-Volstead Act granted to agricultural associations and cooperatives the right to process, prepare, handle, and market their goods in interstate commerce. In March 1923 the Federal Intermediate Credit Act provided for the creation of a system of federal intermediate credit banks for the purpose of handling agricultural paper exclusively. The McNary-Haugen Bill, a measure designed to make the tariff on agricultural products effective, was vetoed by Coolidge when it passed both houses of Congress in 1927 and again in 1928. This measure, as well as the export debenture plan, was opposed largely because of price-fixing and subsidy features. In June 1929 the Agricultural Marketing Act of the Hoover administration was enacted with its plan for the redemption of agriculture through voluntary cooperation and self-discipline under governmental auspices. A Federal Farm Board was created with a revolving fund of $500 million for loans to cooperatives and with power to create stabilization corporations. Grain and cotton stabilization corporations bought extensively with a view to sustaining prices of farm products, but to little avail. | 2 |
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| 1925, May 20–21 |
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| Charles A. Lindbergh made the first nonstop New York to Paris flight alone in the monoplane Spirit of St. Louis. His time was 33 hours, 39 minutes. | 3 |
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| June |
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| Secretary of State Frank B. Kellogg charged the Calles government in Mexico with failure to protect American lives and property rights, creating tension between the two countries that was increased by the enactment of the Mexican Petroleum Law and the Alien Land Law in Dec. 1925 (See 1924–28). | 4 |
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