Agricultural Adjustment Administration
- Agricultural Adjustment Administration
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▪ United States history
in American history, major New Deal program to restore agricultural prosperity by curtailing farm production, reducing export surpluses, and raising prices. The Agricultural Adjustment Act (May 1933) was an omnibus farm-relief bill embodying the schemes of the major national farm organizations. It established the Agricultural Adjustment Administration under Secretary of Agriculture Henry Wallace to effect a “domestic allotment” plan that would subsidize producers of basic commodities for cutting their output. Its goal was the restoration of prices paid to farmers for their goods to a level equal in purchasing power to that of 1909–14, which was a period of comparative stability. In addition, the Commodity Credit Corporation, with a crop loan and storage program, was established to make price-supporting loans and purchases of specific commodities.
Although benefit payments to farmers totaled $1,500,000,000 by 1936, a rise in commodity prices was attributable mainly to severe drought conditions in 1933–36. In spite of its limited achievements, the early AAA program was favoured by most farmers. The Supreme Court declared the act unconstitutional in 1936, and Congress passed new agricultural legislation two years later based on the soil-conservation concept. While farmers' cash income doubled between 1932 and 1936, it took the enormous demands of World War II to reduce the accumulated farm surpluses and to increase farm income significantly.
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Universalium.
2010.
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Agricultural Adjustment Administration — (AAA) The AAA was established in 1933 to implement the Agricultural Adjustment Act and was headed by George N. Peek. However, the AAA was criticized because of the decision to destroy millions of acres of crops already in production and to… … Historical Dictionary of the Roosevelt–Truman Era
Agricultural Adjustment Administration — A federal agency under an agricultural adjustment act. 7 USC 601 659 (Act of 1933); 3 Am J2d Agri § 28 … Ballentine's law dictionary
Agricultural Adjustment Administration (AAA) — New Deal program to restore U.S. agricultural prosperity during the Great Depression. Established by an act of Congress in 1933, the AAA sought to curtail farm production of certain staples, in order to raise prices. It also established the… … Universalium
Agricultural Adjustment Act — L Agricultural Adjustment Act (en français Loi d ajustement agricole) ou AAA est une loi des États Unis entrée en vigueur en pleine Grande Dépression dans le cadre de la politique de New Deal de Franklin D. Roosevelt en 1933[1]. Dans un contexte… … Wikipédia en Français
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Agricultural Adjustment Act, 1933 — Passed on 12 May 1933, the Agricultural Adjustment Act was intended to tackle the plight of farmers in the Great Depression and to raise the prices of wheat, corn, cotton, and other crops and livestock and return the farmers’ purchasing power… … Historical Dictionary of the Roosevelt–Truman Era
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