24
Jun
Agricultural Adjustment Act Facts. The Agricultural Adjustment Act AAA was a United States federal law of the New Deal era. Enacted on May 12 1933 as part of Franklin D. The New Deal was a broad program of reform and in May 1933 Congress passed the Agricultural Adjustment Act which created the Agricultural Adjustment Administration _AAA. Agricultural Adjustment Administration AAA in US.
The Agricultural Adjustment Act AAA was part of the New Deal program under the administration of President Franklin D. The law offered farmers subsidies in exchange for limiting their production of certain crops. Agricultural Adjustment Administration AAA in US. Prices of staple crops and livestock were extremely low and 60 of farms had to be re-mortgaged and by 1932 many farms were foreclosed and sold at auction. In Agricultural Adjustment Administration. It passed Congress after many weeks of debate between the Roosevelt administration farm organization leaders and agrarian militants and their representatives in Congress.
The money for these subsidies was generated through a tax on companies which processed farm products.
Laws designed to assist struggling farmers by providing subsidies and quotas on farm production. It reinstituted subsidies to farmers compelling them to reduce their crop yield. This concept outlined in the AAA was known as parity. The Agricultural Adjustment Act AAA was part of the New Deal program under the administration of President Franklin D. History major New Deal program to restore agricultural prosperity during the Great Depression by curtailing farm production reducing export surpluses and raising prices. The Agricultural Adjustment Act AAA was a United States federal law of the New Deal era.