AGRICULTURAL ADJUSTMENT ACT OF 1933

Specialty Definition: Agricultural Adjustment Act of 1933

(From Wikipedia, the free Encyclopedia)

The Agricultural Adjustment Act of 1933 was an agency set up under the New Deal to raise prices of goods sold by paying farmers not to produce.

In 1936 the supreme court declared the act unconstitutional because it taxed one group to pay another. In 1938, another AAA was passed that was funded from general taxation, and therefore acceptable to the supreme court.

Source: the above text is adapted by the editor from Wikipedia, the free encyclopedia under a copyleft GNU Free Documentation License (GFDL) from the article "Agricultural Adjustment Act of 1933."

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