Which act regulated farm production and helped raise farmers' income?

Prepare for the TExES 4-8 Social Studies Exam with flashcards and multiple choice questions. Each question provides hints and explanations to help you excel. Ensure your success on exam day!

Multiple Choice

Which act regulated farm production and helped raise farmers' income?

Explanation:
Regulating farm production to raise farmers' income was a key strategy during the New Deal. The Agricultural Adjustment Act sought to reduce agricultural surpluses that kept prices low by paying farmers to limit production and plant fewer acres. By shrinking supply, prices rose, lifting farmers' income and stabilizing rural economies. It also aimed for parity pricing to reflect farmers' costs. The other acts serve different purposes: Social Security provides retirement and unemployment benefits; the Securities and Exchange Commission oversees securities markets; the Federal Deposit Insurance Corporation protects bank deposits. So the measure that matches regulating production and boosting farm income is the Agricultural Adjustment Act.

Regulating farm production to raise farmers' income was a key strategy during the New Deal. The Agricultural Adjustment Act sought to reduce agricultural surpluses that kept prices low by paying farmers to limit production and plant fewer acres. By shrinking supply, prices rose, lifting farmers' income and stabilizing rural economies. It also aimed for parity pricing to reflect farmers' costs. The other acts serve different purposes: Social Security provides retirement and unemployment benefits; the Securities and Exchange Commission oversees securities markets; the Federal Deposit Insurance Corporation protects bank deposits. So the measure that matches regulating production and boosting farm income is the Agricultural Adjustment Act.

More Multiple Choice Questions
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy