Search results
Results From The WOW.Com Content Network
Agricultural Marketing Act; Other short titles: Agricultural Marketing Act of 1929: Long title: An Act to establish a federal farm board to promote the effective merchandising of agricultural commodities in interstate and foreign commerce, and to place agriculture on a basis of economic equality with other industries.
The Board in 1929. The Federal Farm Board was established by the Agricultural Marketing Act of 1929 from the Federal Farm Loan Board established by the Federal Farm Loan Act of 1916, with a revolving fund of half a billion dollars [1] to stabilize prices and to promote the sale of agricultural products. The board would help farmers stabilize ...
Throughout this crisis there were many attempts to form Farmers' Unions. This was difficult considering the lack of effective communication technology, the lack of electricity on many farms, and the overall size of the country. The Agricultural Marketing Act of 1929 intended to bring government aid to
In reaction to falling grain prices and the widespread economic turmoil of the Dust Bowl (1931–39) and Great Depression (October 1929–33), three bills led the United States into permanent price subsidies for farmers: the 1922 Grain Futures Act, the June 1929 Agricultural Marketing Act, and finally the 1933 Agricultural Adjustment Act ...
As Secretary of Agriculture after 1925, after the death of Wallace, Jardine made proposals that offered relief for farmers but preserved a free market, which led to Hoover's Agricultural Marketing Act of 1929, too far into the worsening farm crisis to succeed after the onset of the Great Depression. [5]
Agricultural Marketing Act of 1929; Agricultural Marketing Agreement Act of 1937; Agricultural Marketing Service; Agricultural Trade Act of 1978; B. Blair House ...
The Act created a new agency, the Agricultural Adjustment Administration, also called "AAA" (1933–1942), an agency of the U.S. Department of Agriculture, to oversee the distribution of the subsidies. [2] [3] [4] The Agriculture Marketing Act, which established the Federal Farm Board in 1929, was seen as an important precursor to this act.
Herbert Hoover had been elected President of the United States in November 1928, and took office in March 1929. The agricultural industry in the United States was heading for a depression. Unlike his predecessor, Hoover agreed to provide some federal support for agriculture, and in June 1929 Congress passed the Agriculture Marketing Act.