Bankhead Cotton Act, 1934

   The Bankhead Cotton Act was a supplement to the Agricultural Adjustment Act of 1933 introduced by William B. Bankhead and passed in 1934 to establish a national quota of cotton production in order to raise prices and to establish a tax to be imposed on any cotton produced in excess of individual quotas by licensed growers. A similar measure was introduced for tobacco. The act was repealed in 1936 after the Supreme Court had declared the Agricultural Adjustment Act of 1933 unconstitutional.
   See also Agriculture.

Historical Dictionary of the Roosevelt–Truman Era . . 2015.

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