What do you know aboutAgricu|tureAdjustmentAct?
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The Agricultural Adjustment Act was a United States federal law of the New Deal era designed to boost agricultural prices by reducing surpluses
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Agriculture Adjustment Act:
- It was a US federal law of the New Deal era designed to improve agricultural prices by reducing surpluses in 1933. This law was the outcome of great depression which hit Georgia really bad. This very law offered the farmers subsidies.
- This was meant to limit the overproduction thereby increasing the crop price. However, it had negative consequences on sharecroppers, favoring landowners. It greatly helped to improve the economic condition of many farmers during the fall.
- It was successful on a large scale in boosting the country’s economy. However, the government on its later run reinstated many provisions of the act meanwhile maintaining a few portions till today.
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