WW2

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WW2

World War 2

Tennessee Valley Authority;(1993) Built dams in the Tennessse River to control flooding and generate electricity. President Franklin Roosevelt needed innovative solutions if the New Deal was to lift the nation out of the depths of the Great Depression. And TVA was one of his most innovative ideas. Right from the start, TVA established a unique problem-solving approach to fulfilling its mission-integrated resource management. Each issue TVA faced—whether it was power production, navigation, flood control, malaria prevention, reforestation, or erosion control—was studied in its broadest context. TVA weighed each issue in relation to the others.

http://www.policyalmanac.org/economic/archive/tva_history.shtml

Federal Deposit Insurance Corpotation; (FDIC) Insured individual saving accounts so people didn`t lose their money if banks failed or closed their doors. Most people realize that the funds in their checking and savings accounts are insured by the Federal Deposit Insurance Corporation (FDIC), but few are aware of its history, its function, or why it was developed. Initiated in 1933 after the stock market crash of 1929, the FDIC continues to evolve as it finds alternative ways to insure deposit holders against potential bank insolvency. The FDIC has a very notable history that demonstrates the U.S. commitment to ensuring that past bank troubles do not affect citizens as they have done in the past. Read on to learn more.

Fair Labor Standards Act; established a maximum work week and minimum wage prohibited child labor and certain industries and set a minimum age for child workers On Saturday, June 25, 1938, to avoid pocket vetoes 9 days after Congress had adjourned, President Franklin D. Roosevelt signed 121 bills. Among these bills was a landmark law in the Nation's social and economic development -- Fair Labor Standards Act of 1938 (FLSA). Against a history of judicial opposition, the depression-born FLSA had survived, not unscathed, more than a year of Congressional altercation. In its final form, the act applied to industries whose combined employment represented only about one-fifth of the labor force. In these industries, it banned oppressive child labor and set the minimum hourly wage at 25 cents, and the maximum workweek at 44 hours.

By; Alize + Brooke


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