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What does it mean? Agricultural Adjustment Act of 1933

Signed May 12, 1933, this law introduced the price
support programs, including production
adjustments, and the incorporation of the
Commodity Credit Corporation (CCC), under the laws
of the State of Delaware on October 17, 1933. The
program benefits were financed mostly by
processing taxes on the specific commodity. The
Act also made price support loans by the CCC
mandatory for the designated 'basic' (storable)
commodities: corn, wheat, and cotton. Support for
other commodities was authorized upon the
recommendation by the Secretary of Agriculture
with the President's approval.

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