Question

What is the Agricultural Adjustment Act (AAA) and when was the second AAA implemented?

1) The AAA was a federal law in the United States that aimed to boost agricultural prices and incomes by reducing surpluses of certain crops and livestock. The second AAA was implemented in 1938.
2) The AAA was a federal law in the United States that aimed to regulate agricultural production and prices. The second AAA was implemented in 1938.
3) The AAA was a federal law in the United States that aimed to promote sustainable farming practices. The second AAA was implemented in 1938.
4) The AAA was a federal law in the United States that aimed to provide financial assistance to farmers. The second AAA was implemented in 1938.

Answer 1

The Agricultural Adjustment Act (AAA) was a U.S. federal law aimed at raising agricultural prices by reducing surpluses through cash payments to farmers who cut production. The first AAA was enacted on May 12, 1933, and the second, revised AAA was implemented in 1938 after the original act faced legal challenges.

Step-by-step explanation:

The Agricultural Adjustment Act (AAA) was a federal law in the United States designed to raise agricultural prices by reducing surpluses. The legislation aimed to help farmers by offering them cash payments in exchange for voluntarily cutting the production of their crops and livestock. The goal was to reduce the surplus and increase demand, thereby increasing the prices of these commodities. The first AAA became law on May 12, 1933, as part of President Franklin D. Roosevelt's New Deal legislation.

The second AAA was implemented in 1938, following the Supreme Court's decision in 1936 that ruled some components of the original AAA unconstitutional. This second installment reinstated many of the first AAA's provisions with modifications to address the constitutional concerns and included additional measures to aid in resettlement and support sharecroppers and tenant farmers.