page 43: "And for the first time, the government guaranteed the price, at two dollars a bushel, through the war, backed by the wartime food administrator, a multimillionaire public servant named Herbert Hoover."
The federal government backed the price guarantee...not Herbert Hoover. The price wasn't fixed at $2 throughout the war...it bumped to $2.26 in 1918 continuing to June 1920.
Hoover's personal wealth didn't play into the price of wheat...that I can surmise.
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