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The Agricultural Adjustment Act (AAA), enacted in 1933 as part of the New Deal, aimed to restore farmers' purchasing power by reducing agricultural production. It provided financial incentives for farmers to cut back on crop planting and livestock production, thereby decreasing supply and raising prices. This approach sought to stabilize the agricultural economy during the Great Depression and improve the livelihoods of struggling farmers. Ultimately, the AAA played a crucial role in reshaping agricultural policy in the United States.

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4d ago

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