Agricultural-Policy

Supreme Court Strikes Down Agricultural Adjustment Act in United States v. Butler, Invalidating Key New Deal Farm Program

1936-01-06 00:00:00 +0000 UTC | Importance: 8/10

On January 6, 1936, the Supreme Court decides United States v. Butler in a 6-3 ruling that invalidates the Agricultural Adjustment Act (AAA), striking a devastating blow to Roosevelt’s New Deal farm recovery program just eight months after the Schechter Poultry “Black Monday” …

Supreme Court of the United States Owen J. Roberts Harlan Fiske Stone William M. Butler Hoosac Mills Corporation +2 more judicial-capture new-deal corporate-resistance supreme-court agricultural-policy +1 more

Farm Crisis Begins as Agricultural Prices Collapse While Debt Remains

1920-06-01 00:00:00 +0000 UTC | Importance: 8/10

American agriculture enters a decade-long depression beginning in summer 1920 as commodity prices collapse following the end of wartime demand. Wheat prices fall from $2.50 per bushel to under $1.00; cotton drops from 35 cents per pound to 13 cents; corn collapses from $1.50 to 42 cents. Meanwhile, …

Andrew Mellon Federal Reserve Farm Bureau U.S. Congress economic-crisis regulatory-failure rural-america banking agricultural-policy