The Agricultural Adjustment Act was a law passed in 1933 as part of the New Deal. It aimed to stabilize agricultural prices and incomes by paying farmers to reduce production.
Related terms
Commodity Credit Corporation: A government agency established by the Agricultural Adjustment Act that provided loans to farmers for crop storage.
Civilian Conservation Corps: A program established by the New Deal that employed young men in conservation projects, including reforestation and soil erosion prevention.
Tennessee Valley Authority: A federal agency created during the Great Depression to provide electricity and develop resources in the Tennessee Valley region.