asked 162k views
4 votes
What was the fundamental economic problem the new deal attempt to solve for farmers

asked
User Jpact
by
8.6k points

2 Answers

3 votes
The fundamental problem was surplus production,
The new deal agricultural adjustment program aimed at reducing supply of agricultural goods in a time that people could not afford buying causing a problem with demand. With this deal, farmers were paid to destroy their crops or simply not grow anything.

answered
User Anbu Raj
by
8.1k points
4 votes
The New Deal tried to solve the problem of surplus goods for farmers.

During the Great Depression, farmers continued to produce a significant amount of goods despite the fact that many Americans could no longer afford these foods/goods. This resulted in American society having more goods than the consumer wanted (aka a surplus).

To combat this surplus, President Franklin D. Roosevelt implemented the Agricultural Adjustment Act. This paid farmers not to make any more goods/foods. This would help end the surplus and increase the amount of money that farmers would make off their products.
answered
User Henry Story
by
7.9k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.