The Agricultural Adjustment Act (sometimes called "Triple A") was a United States federal law of the New Deal era which restricted agricultural production by paying farmers subsidies not to plant part of their land (that is, to let a portion of their fields lie fallow) and to kill off excess livestock. Its purpose was to reduce crop surplus and therefore effectively raise the value of crops. The money for these subsidies was generated through an exclusive tax on companies which processed farm products. The Act created a new agency, the Agricultural Adjustment Administration, to oversee the distribution of the subsidies. It is considered the first modern U.S. farm bill.
Read more about Agricultural Adjustment Act: Thomas Amendment, History, Ruled Unconstitutional, Hiss Case
Famous quotes containing the words adjustment and/or act:
“The adjustment of reality to the masses and of the masses to reality is a process of unlimited scope, as much for thinking as for perception.”
—Walter Benjamin (1892–1940)
“Psychology has nothing to say about what women are really like, what they need and what they want, essentially because psychology does not know.... this failure is not limited to women; rather, the kind of psychology that has addressed itself to how people act and who they are has failed to understand in the first place why people act the way they do, and certainly failed to understand what might make them act differently.”
—Naomi Weisstein, U.S. psychologist, feminist, and author. Psychology Constructs the Female (1969)