What does AAA mean in US GOVERNMENT
The Agricultural Adjustment Act (AAA) was a 1933 law enacted to try and support and stabilize the agricultural industry during the Great Depression.
AAA meaning of the Abbreviation is...
AAA mostly used in an acronym US Government in Category Governmental that means Agricultural Adjustment Act
Agricultural Adjustment Act
For more information of "Agricultural Adjustment Act", see the section below.
Essential Questions and Answers on Agricultural Adjustment Act in "GOVERNMENTAL»USGOV"
What was the purpose of the AAA?
The purpose of the AAA was to try and support and stabilize the agricultural industry during the Great Depression.
Who created the AAA?
The AAA was created by President Franklin D. Roosevelt in 1933.
What other measures did the AAA take?
In addition to trying to support and stabilize the agricultural industry, the AAA also sought to reduce crop production by paying farmers subsidies for not planting crops on some of their land, as well as raising tariffs on imported goods.
Did all farmers benefit from this legislation?
No, not all farmers benefited from this legislation as it only applied to certain commodities, such as corn and wheat. Additionally, some critics argued that certain provisions unfairly benefited large landholders over small family farms.
Is the Agricultural Adjustment Act still in effect today?
No, while many pieces of similar legislation have been passed since then, such as the Food Security Act of 1985, today's agriculture industry is largely regulated by market forces rather than legislation like the Agricultural Adjustment Act.
The Agricultural Adjustment Act of 1933 was one of President Roosevelt's major New Deal legislative actions designed to improve life for citizens by stabilizing and supporting American agriculture during times of economic hardship. While it has since been replaced by newer regulations, its legacy still lives on in US agriculture policy today.