Congress passed the Agricultural Adjustment Act of 1933 to help stave off effects of the Great Depression and the Dust Bowl. The Act resulted in formation of the Agricultural Adjustment Administration, a New Deal agency charged with controlling American crop yields to keep prices high enough to support farmers.Continue Reading
According to the Oklahoma Historical Society, farmers throughout the country were desperate by 1933 as plunging crop and livestock prices were ruining them financially. Following passage of the Agricultural Adjustment Act, however, farmers received payment to cut production of particular commodities until those commodities' prices returned to sustainable levels. The program tended to help those who owned and operated large farms more than those whose farms were small.
The Agricultural Adjustment Act was administered by agricultural engineers and economists who, after gathering input from farmers, established production levels throughout the nation. Critics of this centralized form of control decried the lack of relief for small farm owners. However, according to the North Carolina History Project, the program was generally a success. The income of the average farmer climbed by 30 percent during President Franklin D. Roosevelt's first term. Many of those who had owned small farms left the industry to pursue other lines of work.Learn more about Law
The Racketeer Influenced and Corrupt Organizations Act is an act of Congress signed into law by President Richard Nixon, which extends criminal penalties and creates civil penalties for illegal actions committed by an individual as part of a corrupt organization. According to the Wall Street Journal, the RICO Act was passed in order to give the justice system the ability to charge mafia bosses.Full Answer >
In 1913, the U.S. Congress passed the Underwood Tariff Act, which reduced taxes on manufactured goods and eliminated duties on raw materials. Lowering these taxes and fees resulted in the concurrent passage of the Sixteenth Amendment, which permitted direct income taxes.Full Answer >
The Dust Bowl was the name of the Great Plains region of the United States during the Great Depression. The region went through a harsh drought that turned the land into a dusty, dry and cracked landscape. The drought lasted for three years and forced many residents to move.Full Answer >
The Agricultural Adjustment Act was fairly successful from a strictly financial perspective, providing $1,500,000,000 in benefit payments to farmers. However, widespread droughts from 1933 to 1936 affected one of the main goals of the program, which was to stabilize commodity prices. The Supreme Court declared the Agricultural Adjustment Act to be unconstitutional in 1936, and the program was replaced by a different initiative two years later.Full Answer >