Fair Labor Standards Act

Fair Labor Standards Act
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Fair Labor Standards Act
1929 remains to be the most memorable year for the United States (USA) as far as the economy is concerned (Mitchell, 2017). It is during this period that the stock market crumbled with millions of stock shares sold at horrid throw-away prices. What was left of the country was a completely ruined economy as fear spread throughout, with millions losing their jobs as businesses closed. Due to the less demand for products and services, money was in very little circulation as its value declined sharply. This marked the period of the great depression (Mitchell, 2017). At this time of peril is when Franklin Roosevelt, who had just been newly elected, brought some ray of hope by urging Americans not to fret as he was going to make better the situation. Hence, he embarked on a journey to revive the dead economy. This New Deal presented a couple of economic and social reforms that were taking people back to the old reforms of the former Theodore Roosevelt in the 80s (Mitchell, 2017). The reforms were made on the industrial, agricultural as well as housing sectors. Due to the country's terrible state, most of these reforms were quickly implemented. Hence, the government set off to improve the sectors of employment where more blacks than whites had lost their jobs and also ensure that farmers were provided with economic relief to improve the agricultural sector.
Consequently, after the New Deal came the Second New Deal, which aimed at bringing on board other sets of both social and economic reforms (Mitchell, 2017). These aimed at doing away with the poverty that had invaded in the country while providing jobs and training to old and young folks. Instead of providing the jobless with welfare, others liked the Works Progress Administration (WPA) created job opportunities for people to fend for themselves. It is these reforms that later led to a turnover in terms of income inequality that had since the early 1900s had encompassed the USA. Roosevelt's 100 days reforms that started soon after he was elected president saw a drop in income inequality, and by the 1930s, the income of Americans was more equal. Soon after that, there has been a progressive equal income.
In terms of salaries and wages, there began to grow a clear demarcation between the rich and the poor. Unlike the rich who were provide with better benefits and good working conditions, the poor had very poor conditions that deprived them of the chance for their economic growth. Hence, to cater to the needs of the American citizens, the government introduced The Fair Labor Standard Act (FSLA), which sort to ensure that a good record was kept of the citizen's wages and all overtime workers got their dues accordingly (Andrias, 2018). This acts also provided measures to safeguard children from being abused. Those who were great...