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Which of the following best describes the focus of the Second Agricultural Adjustment Act?

  1. Infrastructure development for farming

  2. Support for small family farms exclusively

  3. Management of agricultural surpluses and stabilization

  4. Promotion of agribusiness conglomerates

The correct answer is: Management of agricultural surpluses and stabilization

The focus of the Second Agricultural Adjustment Act was to manage agricultural surpluses and stabilize farm prices by controlling production levels. This legislation aimed to address the economic problems that farmers faced during the Great Depression by reducing crop output, thereby driving up prices and promoting a more sustainable agricultural economy. The act built upon earlier measures by providing financial incentives for farmers to limit their production, in order to combat the issue of excess supply that had led to plummeting prices. By stabilizing prices, it sought to ensure fairer wages and income for farmers, thus contributing to the overall recovery of the agricultural sector and broader economy.