Bankhead Cotton Act, 1934

Bankhead Cotton Act, 1934
   The Bankhead Cotton Act was a supplement to the Agricultural Adjustment Act of 1933 introduced by William B. Bankhead and passed in 1934 to establish a national quota of cotton production in order to raise prices and to establish a tax to be imposed on any cotton produced in excess of individual quotas by licensed growers. A similar measure was introduced for tobacco. The act was repealed in 1936 after the Supreme Court had declared the Agricultural Adjustment Act of 1933 unconstitutional.
   See also Agriculture.

Historical Dictionary of the Roosevelt–Truman Era . . 2015.

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  • Agricultural Adjustment Act, 1933 —    Passed on 12 May 1933, the Agricultural Adjustment Act was intended to tackle the plight of farmers in the Great Depression and to raise the prices of wheat, corn, cotton, and other crops and livestock and return the farmers’ purchasing power… …   Historical Dictionary of the Roosevelt–Truman Era

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