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