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April 1, 2024
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8h 30min, mar 15, 1937 y - FDR cut spending to reduce debt in early 1937

Description:

These cutbacks put the country back into the Depression.

-FDR pushed Congress to enact a $5 billion relief program which included:

-Federal National Mortgage Association
that resold mortgages on the secondary
market.
-The New Agricultural Adjustment Act
remedied the 1933 AAA.
-The Fair Labor Standards Act established
the US minimum wage, overtime pay,
and youth employment standards.

Added to timeline:

Date:

8h 30min, mar 15, 1937 y
Now
~ 87 years ago