Agricultural Adjustment Act, 1933

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 to pre-World War I levels. The act was based on ideas developed during the 1920s, particularly the “domestic allotment plan” involving acreage reduction by government allotment. The act designated “basic commodities” that would be covered by “marketing agreements” in which farmers would agree to reduce their output. They would be compensated with funds raised by a processing tax levied on the first domestic processing of the commodity. The act was to be administered by the Agricultural Adjustment Administration. Initially some crops had to be plowed under and livestock, including 6 million piglets, were slaughtered, but by 1934, 40 million acres had been withdrawn from production. Amendments to the act extended it to include cattle, sugar cane, and sugar beets in 1934. However, in United States v. Butler in 1936, the Supreme Court ruled that the act was unconstitutional. It was later superseded by the Agricultural Adjustment Act of 1938.
   See also Agriculture; Bankhead Cotton Act; Bankhead Cotton Control Act; Emergency Farm Mortgage Act.

Historical Dictionary of the Roosevelt–Truman Era . . 2015.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Agricultural Adjustment Act — The Agricultural Adjustment Act (USPL|73|10, enacted 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… …   Wikipedia

  • 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

  • Agricultural Adjustment Act of 1938 — The Agricultural Adjustment Act of 1938 was legislation in the United States that resulted from the unconstitutionality of previous New Deal farm legislation (Agricultural Adjustment Act of 1933) and the success of the Soil Conservation and… …   Wikipedia

  • Agricultural Adjustment Act — Der New Deal war ein Bündel von Wirtschafts und Sozialreformen in den USA, das mit massiven staatlichen Investitionen die Binnenkonjunktur ankurbeln und zusammen mit der Einführung eines Sozialversicherungssystems, progressiver Besteuerung und… …   Deutsch Wikipedia

  • Agricultural Adjustment Act, 1938 —    Replacing the first Agricultural Adjustment Act of 1933 and supplementing the Soil Conservation and Domestic Allotment Act of 1936, the 1938 act established a “granary” principle setting marketing quotas, crop insurance, and parity price… …   Historical Dictionary of the Roosevelt–Truman Era

  • 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 — ▪ 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… …   Universalium

  • 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

  • Emergency Farm Mortgage Act, 1933 —    An amendment to the Agricultural Adjustment Act of 1933 providing for refinancing of farm mortgages through the purchase of tax exempt bonds. It also provided $200 million in loans to enable farmers to redeem land already lost through… …   Historical Dictionary of the Roosevelt–Truman Era

  • 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

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”