|
|
Article: Agricultural Adjustment Act (1933)
- Article from:
- Major Acts of Congress
- Author:
CopyrightCOPYRIGHT 2004 The Gale Group Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Agricultural Adjustment Act (1933)
Jim Chen
Excerpt from the Agricultural Adjustment Act
It is declared to be the policy of Congress
—
To establish and maintain such balance between the production and consumption of agricultural commodities, and such marketing conditions therefor, as will reestablish prices to farmers at a level that will give agricultural commodities a purchasing power with respect to articles that farmers buy, equivalent to the purchasing power of agricultural commodities in the base period.
T
he Great Depression hit American farmers especially hard. With prices of commodities and farmers' income at historic lows, the Dust Bowl destroyed what little ...