On This Day in History: Today

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May 24th, 1965

On this day in 1965, President Johnson signed a bill to carry out U.S. obligations under the International Coffee Agreement.

“The United States helped to develop the International Coffee Agreement, as we promised we would when the Alliance for Progress was launched. It is the purpose of the agreement to keep coffee prices on an even keel both to protect our consumers and to enable the countries so dependent on coffee for their well-being to have stable earnings that grow as consumption grows. It is important that the coffee agreement achieve its purpose. We will use the authority granted in this act to help assure that this purpose is achieved.”