Today we had a research day for our projects which are due on Tuesday. I researched the Agricultural Adjustment Act of 1938 today. Made price support mandatory for corn, cotton, and wheat. The AAA established the Federal Crop Insurance Corp. Offered insurance to wheat famers if damage was caused. The 1938 Act is considered part of permanent law for commodity programs and farm income support.Roosevelt signed a new AAA on February 16, 1938. Its design was to fulfill Henry Wallace's call for an ever-normal granary. Steadied agricultural prices, and farmers earnings. It also set limits on planting and crop sales. A new AAA was signed beacuse the first one was said to be unconstitutional.
Comments