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Establishes minimum wage, overtime pay, record keeping and youth employment standards affecting employees in the private sector and in federal state and local government.

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FERA (Federal Emergency Relief Administration) 

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FERA (Federal Emergency Relief Administration) 

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Provided direct relief for the needy

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Focused on providing work and education for americans between the ages of 16 and 25

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authorized the treasury department to inspect and close banks

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The Banking Crisis

Imagine your typical trip to your local bank. You have a check from work in your hand, and, as you've done many times before, you head to the bank to deposit it in your account. Immediately you notice something is not right. There is a line of nervous people snaking out the front door of the bank, and it stretches 100 yards around the building. As you get in line, you overhear someone say, 'They've lost our money!' Now you're anxious, too. When you arrive to talk to the bank teller, she says your money is gone. Your life savings has disappeared.

This situation occurred all over the United States during the banking crisis of 1930-33. By 1933, over 4,000 banks had shut their doors. That was almost 28% of all the banks in America! The Stock Market Crash of 1929 destroyed the banks' investments. People rushed to their local banks to withdraw their money, only to find it was gone, obliterated through the banks' risky investments in the stock market.

The Emergency Banking Relief Act ( EBRA) aimed to address this crisis. The act authorized the federal government to regulate and control aspects of the banking system, and it also rescued failing banks with loans. When Franklin D. Roosevelt became president on March 4, 1933, his administration's first measure was to deal with the collapsed banking system. In FDR's inaugural speech he confidently proclaimed, 'First of all let me assert my firm belief that the only thing we have to fear is fear itself.'

The Emergency Banking Relief Act

The passage of the EBRA allowed Roosevelt to call a 4-day bank holiday in which all banks were ordered to cease doing business for four days to allow the panic to subside. FDR addressed Americans in a radio broadcast 'fireside chat' in which he said it was safer to 'keep your money in a reopened bank than under the mattress.'

The EBRA also required healthy banks to apply for a license from the Treasury Department. The act gave the federal government regulatory control and oversight privileges of the banking sector. It also provided federal financial support for struggling banks. All this was designed to prop up ailing banks and restore the confidence of depositors so that they would trust banks and put their money back in them.

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the emergency banking relief act of 1933: definition & purpose - video & lesson transcript | study.com

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The Emergency Banking Relief Act of 1933: Definition & Purpose - Video & Lesson Transcript | Study.com

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Imagine your typical trip to your local bank. You have a check from work in your hand, and, as you've done many times before, you head to the bank to deposit it in your account. Immediately you notice something is not right.

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Provided men and women with jobs

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All credit goes to original photo and music owners

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Protected the rights of employees and employers, to encourage collective bargaining, and to curtail certain private sector labor and management practices, which can harm the general welfare of workers, businesses and the U.S. economy.

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National Labor Relations Board: History

National Labor Relations Board (NLRB) is an independent federal agency, which means that it is a regulatory agency that works without supervision by the executive departments of the federal government, such as the Department of Labor. The NLRB was authorized by the enactment of the National Labor Relations Act in 1935.

Structure

The NLRB is made up of three different parts, including the NLRB board, the General Counsel and the regional offices. The NLRB Board is composed of five individuals who are appointed by the president and confirmed by the Senate for a five-year term. The term of one member expires each year. The General Counsel is also appointed by the president and confirmed by the Senate but only for a four-year term. The board has regional offices all over the country in major cities.

Purpose

The NLRB serves two important purposes. First, it conducts elections for private sector employees to decide whether they wish to become members of a union and organize a collective bargaining unit. A collective bargaining unit is a group of employees who bargain through their chosen representative with their employer regarding the terms and conditions of their employment. It also oversees decertification elections, which is an attempt by employees to remove union representation.

The second purpose of the NLRB is to prevent unions or employers from engaging in unlawful acts related to the employer-employee relationship, known as unfair labor practices. While the board is mandated by law to prevent unfair labor practices, it has no independent power to enforce the law; instead, it goes to court to seek enforcement.

Activities

According to the National Labor Relations Board, it engages in the following activities:

It conducts elections to determine whether a bargaining unit will be formed or a current unit will be dissolved. It ensures that both employers and unions are in compliance with the relevant labor law relating to elections.

It investigates charges by employers, employees and unions alleging that their respective rights under the National Labor Relations Act has been violated.

The NLRB will try to facilitate settlements rather than encourage litigation between parties if its investigation determines that there is merit to an accusation of an unfair labor practice.

The NLRB has a team of about 40 administrative law judges that hears administrative cases brought before it. An administrative case is sort of like court litigation, but instead of a court of law deciding the case, the agency responsible for enforcing the regulations at issue will hear the case. Decisions from administrative hearings can usually be appealed to a federal court.

The NLRB also will seek enforcement of its orders. While most companies and unions will comply with an NLRB order, if they do not, the General Counsel will seek enforcement by filing suit in the U.S. Court of Appeals. The party subject to the order has the right to have the federal courts review the order as well.

Example

Let's look at an example to illustrate the NLRB's role.

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national labor relations board: history and purpose - video & lesson transcript | study.com

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National Labor Relations Board: History and Purpose - Video & Lesson Transcript | Study.com

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National Labor Relations Board (NLRB) is an independent federal agency, which means that it is a regulatory agency that works without supervision by the executive departments of the federal government, such as the Department of Labor. The NLRB was authorized by the enactment of the National Labor Relations Act in 1935.

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Reduced agricultural production by paying farmers subsidies not to plant on part of their land and to kill off excess livestock.

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Max Keiser & William Black & Webster Tarpley

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Has authority to oversee the safety of food, drugs, and cosmetics

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Promoted the economic security of the nations people.

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Social Security's global navigation menu.

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SEC (Securities and Exchange Commission)

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SEC (Securities and Exchange Commission)

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Holds primary responsibility for enforcing the federal securities laws

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Wanted to eliminate "cut-throat competition" by bringing industry , labor, and government together to create codes of "fair practices" and set prices.

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Watch National Recovery Administration Created Clip | HISTORY

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Watch the National Recovery Administration Created video clip of HISTORY. Find this and many more videos only on HISTORY.

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FDIC (Federal Deposit Insurance Corporation)

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FDIC (Federal Deposit Insurance Corporation)

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US government corporation providing deposit insurance to depositors in US banks.

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Employed millions of people to carry out public works projects.

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WPA (Works Progress Administration) - 1937

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Build and repair dams for hydroelectricity to provide a cheap source of energy.

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Public work relief program that operated from 1933 to 1942 in the US for unemployed, unmarried men from relief families as part of the New Deal.