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Wallace Fights to Revise Agricultural Adjustment Act
Henry A. Wallace, secretary of agriculture, warns of a political struggle in Congress over changes to the Agricultural Adjustment Act and possible shifts toward unrestricted production. He supports the New Deal in general but calls for review of the act, while farmers and consumers weigh protests to processing taxes and Bankhead cotton law repeal efforts. Bankers express distrust of administration policies and potential shifts in governance of the Federal Reserve and government bonds.
MENTIONED IN THIS ARTICLE
Washington
Henry A. Wallace
Wallace
Congress
National Grange
Mr. Wallace
New
Consumer Congress
Department of Agriculture
Bankhead
Alabama
Roosevelt
American Bankers’ Association
M.S. Eccles
Federal Reserve Board
Eccles
Treasury
Federal Reserve Bank
Carter Glass
Virginia
Federal Reserve System
House
Senate
S Jread
Morgenthau
Senate Committee