The Agricultural Adjustment Act, which restricts agricultural production through government purchase of livestock for slaughter and paying subsidies to farmers when they remove land from planting, is signed into law by President Franklin D. Roosevelt.

The Agricultural Adjustment Act (AAA) of 1933 was a United States federal law of the New Deal era designed to boost agricultural prices by reducing surpluses. The government bought livestock for slaughter and paid farmers subsidies not to plant on part of their land. The money for these subsidies…