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Essay / The Impact of the New Deal - 977
Before World War I, falling food prices hurt farmers as mechanization replaced jobs and eventually lowered prices, but during the war, farmers were prosperous thanks to regulated prices preventing supply and demand problems. After the war, the New Deal helped regulate prices that had fallen again and provide relief to farmers. One of the laws that provided this assistance was the Agricultural Adjustment Act of 1933, which ensured stable prices by reducing production by compensating farmers for products they did not produce. Although this law proved extremely useful to farmers, it was later considered unconstitutional since the taxes generated by this law were paid back to the farmers. In 1938, the same law was passed again, providing a long-term program that is in effect today, with changes deemed constitutional. This is extremely useful because it provides assistance to farmers today, otherwise 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 older people from work and alleviate the problem of elderly poverty. This has actually helped in the long run by continuing to provide these benefits and reducing the problems faced by older people as they can retire without fear of supporting themselves. One of