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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 ...
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.
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]
Later, Agricultural Adjustment Act (AAA), which was enacted on May 12, 1933, aimed to bring back pre World War 1 Farmers' abilities to sell farm products for the same worth they were able to buy non-farm products. The Act involved seven different crops: corn, wheat, cotton, rice, peanuts, tobacco, and milk.
Since the 1990s, the term "alphabet agencies" has been commonly used to describe the agencies of the U.S. national security state.Many are members of the United States Intelligence Community, [3] [4] and several were founded or expanded in the aftermath of the September 11 attacks.
This page was last edited on 13 March 2005, at 17:10 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
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.
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 ...