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Agricultural Adjustment Act
New Deal legislation passed in 1933 that established the Agricultural Adjustment Administration (AAA) to improve agricultural prices by limiting market supplies; declared unconstitutional in United States v. Butler (1936).
Farm Prices
The monetary value assigned to agricultural products, which can fluctuate based on factors such as supply, demand, and market conditions.
Production Quotas
Predetermined targets for the amount of goods a factory or country must produce within a certain timeframe, often used in planned economies.
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