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The money for these subsidies was generated through an exclusive tax on companies that processed farm products. The Act created a new agency, the Agricultural Adjustment Administration, also called "AAA" (1933–1942), an agency of the U.S. Department of Agriculture, to oversee the distribution of the subsidies.
In United States federal agriculture legislation, the Agricultural Adjustment Act Amendment of 1935 (P.L. 74-320) made several important and lasting changes to the Agricultural Adjustment Act of 1933 (P.L. 73-10). Franklin D. Roosevelt signed the Act into law on August 24, 1935. [1]
This is an article about the "Agricultural Adjustment Act of 1938". For the act by the same name in 1933, see Agricultural Adjustment Act.. The Agricultural Adjustment Act of 1938 (Pub. L. 75–430, 52 Stat. 31, enacted February 16, 1938) was legislation in the United States that was enacted as an alternative and replacement for the farm subsidy policies, in previous New Deal farm legislation ...
United States v. Butler, 297 U.S. 1 (1936), is a U.S. Supreme Court case that held that the U.S. Congress has not only the power to lay taxes to the level necessary to carry out its other powers enumerated in Article I of the U.S. Constitution, but also a broad authority to tax and spend for the "general welfare" of the United States. [1]
On November 18, 1935, its name was changed to the Federal Surplus Commodities Corporation, and the Secretary of Agriculture, Henry A. Wallace at that time, the head of the Agricultural Adjustment Administration, and the governor of the Farm Credit Administration were placed on its board of directors. [6]
In 1933, with many farmers losing money because of the Great Depression, President Franklin D. Roosevelt signed the Agricultural Adjustment Act, which created the Agricultural Adjustment Administration (AAA). [2] The AAA began to regulate agricultural production by destroying crops and artificially reducing supplies.
The AAA was a New Deal program that was supposed to reduce food production and increase food prices; this was intended to improve the agricultural economy. Once again, Mitchell, East, and liberal members of the Agricultural Adjustment Administration observed that this program had negative effects on land workers, leaving many unemployed.
An Act to promote the conservation and profitable use of agricultural land resources by temporary Federal aid to farmers and by providing for a permanent policy of Federal aid to States for such purposes. Enacted by: the 74th United States Congress: Effective: February 29, 1936: Citations; Public law: Pub. L. 74–461: Statutes at Large: 49 ...