Topic > The Impact of the New Deal - 977

Before World War I, falling food prices hurt farmers as mechanization replaced jobs and ultimately drove prices down, but during the war farmers they thrived on regulated prices that prevented supply and demand problems. After the war, the New Deal helped regulate prices that had fallen again and provided relief to farmers. One act that provided this help was the Agricultural Adjustment Act of 1933 which provided stable prices by reducing production by compensating farmers for product they did not produce. Although this law proved to be incredibly helpful to farmers, it was later deemed unconstitutional as the tax generated by it was refunded to farmers. In 1938 the same law was passed again providing a long-term program that is in effect today, with the changes deemed constitutional. This is extremely useful as it provides relief to today's farmers, without it the economy would be different and farmers would not have the same benefits. Another law that helped in the short term was the Social Security Act, which provided income for the elderly or disabled. This helped create more jobs by removing the elderly from work and alleviating the problem of poverty among the elderly. This has actually helped in the long run by still providing these benefits and reducing the problems that seniors face, as they can retire without fear of supporting themselves. One of