Word: aaa
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Dates: during 1930-1939
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...days the 73rd Congress patched together the crumbling U. S. banking system, set up the $2,000,000,000 Home Owners' Loan Corp., created NRA, substituted beer for Prohibition, confiscated all the gold in the U. S., appropriated $3,300,000.000 for public works, established CCC, TVA, FERA. AAA, cut veterans' pensions and, for good measure, put J. P. Morgan on the witness stand and a midget on his knee...
...AAA amendments...
...Then this thin-lipped Southern Republican began to bear down on the New Deal in earnest. In quick succession he declared illegal the condemnation of private property for PWA slum clearance, the NRA Bituminous Coal Code (TIME, March 11). Last week Judge Dawson struck his third blow by ruling AAA's Kerr-Smith Tobacco Control Act unconstitutional...
...force tobacco crop reduction and finance reduction benefit payments, the Kerr-Smith Act imposed a 25% processing tax on 1934 tobacco grown without AAA contracts, a 33% tax on the 1935 noncontract crop. Unable to sign contracts because their land was rented, the Penn Brothers of Kentucky's Fayette County were assessed $7,000. They appealed to Judge Dawson for a protective injunction. Last week he declared tobacco-growing an intrastate business over which Congress had no power, ordered the Penns' $7,000 refunded, denounced the Act's "naked unconstitutionality...
...Wallace decided that the danger of drought was greater than the danger of surplus. He issued an order: Farmers who had pledged themselves to reduce their 1935 Spring wheat planting 10% below normal were relieved of their pledge. More important, he ordered that some $30,000,000 which AAA had contracted to pay Spring wheat growers for reducing their acreage should still be paid, whether the farmers do anything...