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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]
The limited benefit to farmers was supposed to outweigh the ongoing hurt to consumers who paid higher food prices. On May 12, 1933, President Franklin D. Roosevelt signed the Agricultural Adjustment Act (AAA) of 1933 into law. [12] The AAA also included a nutrition program for consumers, the precursor to food stamps. [15]
The main issue of the case was whether certain provisions of the Agricultural Adjustment Act of 1933 conflicted with the U.S. Constitution.The Act imposed a tax on processors of farm products, the proceeds of which to be paid to farmers who would reduce their area under cultivation and consequently their crops yields.
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 Agricultural Adjustment Act included the Thomas Amendment, a provision that allowed the president to reduce the gold content of the dollar, to coin silver dollars, and issue $3 billion in fiat money not backed by gold or silver. In April 1933, Roosevelt took the United States off the gold standard. [65]
May 12, 1933: The Agricultural Adjustment Act (ch. 25, 48 Stat. 31) was part of a plan developed by Roosevelt's Secretary of Agriculture, Henry A. Wallace, and was designed to protect American farmers from the uncertainties of the depression through subsidies and production controls. The act laid the frame for long-term government control in ...
To put this plan into action Roosevelt created the Agricultural Adjustment Act (AAA) in May 1933. This program helped farmers by giving them incentives to cut production which increased the income of farmers. [8] The last element that Roosevelt outlined in his speech was his plan for the bank crisis facing America during the Great Depression.