TeachMeFinance.com - explain Agricultural Adjustment Act Amendment of 1935
Agricultural Adjustment Act Amendment of 1935 The term 'Agricultural Adjustment Act Amendment of 1935 ' as it applies to the area of agriculture can be defined as ' P.L. 74-320 (August 24, 1935) made several important and lasting changes to the Agricultural Adjustment Act of 1933. Section 22 of the law gave the President authority to impose quotas when imports interfered with commodity programs designed to raise prices and farm income. Section 32 was designed to widen market outlets for surplus agricultural commodities by permanently appropriating funds to purchase commodities for primarily child nutrition programs. Section 22 has been superseded, but Section 32 continues to operate'.
About the author
Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.