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  • Agricultural Adjustment Act of 1933

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    adloverz
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    The Agricultural Adjustment Act of 1933, part of Roosevelt's New Deal, paid subsidies to farmers to reduce crop and livestock production in order to raise prices impacted by overproduction during the Great Depression. It created the Commodity Credit Corporation to make loans and purchase commodities to support prices. While farm income rose by 1935 and payments to farmers totaled $1.5 billion by 1936, this may have also been due to drought driving up crop prices during those years.

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    A paper about the AAA of 1933

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    The Agricultural Adjustment Act of 1933, part of Roosevelt's New Deal, paid subsidies to farmers to reduce crop and livestock production in order to raise prices impacted by overproduction during the Great Depression. It created the Commodity Credit Corporation to make loans and purchase commodities to support prices. While farm income rose by 1935 and payments to farmers totaled $1.5 billion by 1936, this may have also been due to drought driving up crop prices during those years.

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    © All Rights Reserved
    Baixe no formato DOCX, PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    9 visualizações1 página

    Agricultural Adjustment Act of 1933

    Enviado por

    adloverz
    The Agricultural Adjustment Act of 1933, part of Roosevelt's New Deal, paid subsidies to farmers to reduce crop and livestock production in order to raise prices impacted by overproduction during the Great Depression. It created the Commodity Credit Corporation to make loans and purchase commodities to support prices. While farm income rose by 1935 and payments to farmers totaled $1.5 billion by 1936, this may have also been due to drought driving up crop prices during those years.

    Direitos autorais:

    © All Rights Reserved
    Baixe no formato DOCX, PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    de 1

    Agricultural Adjustment Act of 1933 (Farm Relief Bill)

    Full title: Agricultural Adjustment Act of 1933, also called the Farm Relief
    Bill
    Effective May 12, 1933
    Part of Roosevelts New Deal
    Paid subsidies to farmers to NOT plant crops and to kill surpluses of
    livestock


    The Great Depression, combined with farmers overproduction of crops
    and livestock, caused a large surplus and drove prices very low. The
    purpose of the bill was to curtail the excess production and thereby raise
    crop prices.

    Favored by most farmers

    Also created the Commodity Credit Corporation, a crop loan and storage
    program, was to make price-supporting loans and purchases of specific
    commodities.

    By 1935, farm income was 50% higher than it was in 1932, and benefit
    payments to farmers totaled $1,500,000,000 by 1936. But this could also
    have been the result of a severe drought from 1933-1936 which also
    drove crop prices up.

    The Supreme Court declared the act unconstitutional in 1936

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