14 of the New Deals Alphabet Agencies


FLSA (Fair Labor Standard Act)

This labor law, enacted in 1938, was the last major piece of New Deal legislation intended to reform the economy, and it is still with us today. This law established the minimum wage, which at the time was twenty-five cents an hour. It also set the standard for the 40-hour work week and banned the use of child labor.

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Who Wins and Loses in a Trade War?

Who Wins and Loses in a Trade War?

When nations get into disputes about trade, it often results in unintended consequences. HowStuffWorks looks at the history of trade wars.