AAA - Agricultural Adjustment Act (12 май 1933 г. – 6 янв 1936 г.)
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Other short titles
Agricultural Adjustment Act of 1933
The Farm Relief Bill
Long title An Act to relieve the existing national economic emergency by increasing agricultural purchasing power, to raise revenue for extraordinary expenses incurred by reason of such emergency, to provide emergency relief with respect to agricultural indebtedness, to provide for the orderly liquidation of joint-stock land banks, and for other purposes.
Enacted by the 73rd United States Congress
Effective May 12, 1933
The Agricultural Adjustment Act (AAA) was a United States federal law of the New Deal era designed to boost agricultural prices by reducing surpluses. The Government bought livestock for slaughter and paid farmers subsidies not to plant part of their land. The money for these subsidies was generated through an exclusive tax on companies which processed farm products. The Act created a new agency, the Agricultural Adjustment Administration, an agency of the U.S. Department of Agriculture, to oversee the distribution of the subsidies.[2][3][4] The Agriculture Marketing Act, which established the Federal Farm Board in 1929, was seen as a strong precursor to this act.[5][6] The AAA, along with other New Deal programs, represented the federal government's first substantial effort to address economic welfare in the United States.[7]
On January 6, 1936, the Supreme Court decided in United States v. Butler that the act was unconstitutional for levying this tax on the processors only to have it paid back to the farmers.[15] Regulation of agriculture was deemed a state power. As such, the federal government could not force states to adopt the Agricultural Adjustment Act due to lack of jurisdiction. However, the Agricultural Adjustment Act of 1938 remedied these technical issues and the farm program continued.
https://en.wikipedia.org/wiki/Agricultural_Adjustment_Act
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