Agro Commodities & Agricultural Produts

Question by hayliegh: What was the Wagner Act and why does it matter?
A. This law created three major new programs: Old Age Insurance, the Aid to Dependent Children Program, and Unemployment Insurance. Though the act did little to end the Great Depression, it did help prevent future economic crises by creating a social safety net that kept Americans from falling into dire poverty due to old age or unemployment.

B. Also known as the Agricultural Adjustment Act, it attempted to raise commodity prices by getting farmers to reduce production. Its programs were so popular that they survived the Depression and remain the cornerstone of U.S. agricultural policy even today. Farm incomes rose back to pre-Depression levels in much of the nation.

C. Also known as the National Labor Relations Act, it was a key part of the Second New Deal. It was designed to increase wages by promoting the growth of unions. To this end, it granted workers the right to join the union of their choice, and prohibited employers from interfering with union activities. The Wagner Act was a great success, and union enrollment began to increase dramatically.

D. Also known as the National Industrial Relations Act, it encouraged cooperation between employers and employees. Its goal was to stabilize the economy by establishing codes of fair business practice and stimulate the economy by raising wages and providing jobs. Representatives from management, labor, and government negotiated codes that established, among other things, a forty-hour work week, a minimum weekly wage, and a ban on child labor.

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