(Friday, May 12, 1933; part of the New Deal in response to the Great Depression) — The Agricultural Adjustment Act (AAA) was signed into law today by U.S. President Franklin D. Roosevelt, giving the federal government the power to raise farm prices and to provide relief on farm mortgage foreclosures. Also known as the “Wagner Act”, the bill provided $500 million for farm relief.

Signed on the same day was the Federal Emergency Relief Administration (FERA), which would eventually spend four billion dollars to create job programs for unemployed U.S. workers.