Agricultural Adjustment Act
The United States Agricultural Adjustment Act (AAA) (P.L. 73-10 of May 12, 1933) restricted production during the New Deal by paying farmers to reduce crop area. Its purpose was to reduce crop surplus so as to effectively raise the value of crops, thereby giving farmers relative stability again. The farmers were paid subsidies by the federal government for leaving some of their land idle. The Act created a new agency, the Agricultural Adjustment Administration, to oversee the distribution of the subsidies.
Related Topics:
United States - May 12 - 1933 - New Deal
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~ Table of Content ~
| ► | Introduction |
| ► | Agricultural Adjustment Administration |
| ► | Communist influence |
| ► | References |
| ► | External link |
| ► | See also |
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