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Insures bank depositors' accounts.
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Federal Deposit Insurance Company (1938 - Present)
This law set minimum wage and maximum hour standards, effectively creating the 40-hour work week. It also dramatically curbed the employment of minors in "oppressive child labor." With many changes and amendments, it is still in effect today.
Watch for stock market fraud and protect investors.
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Securities and Exchange Commission (1934 - Present)
This is an independent regulatory agency of the federal government created to watch for stock market fraud and to protect public and private investors from deception.
Manage the general welfare and created the social insurance program.
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Social Security Administration (1935 - Present)
This program began as a means to manage the general welfare of the U.S. and created the country's first social insurance program. Through many additions, revisions, and amendments, the SSA today is part of the U.S. Department of Health and Human Services and administers a national pension fund for retired persons and many other public assistance programs.
Set a 40-hour work week, curbed oppressive child labor.
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Fair Labor Standards Act (1938 - Present)
This law set minimum wage and maximum hour standards, effectively creating the 40-hour work week. It also dramatically curbed the employment of minors in "oppressive child labor." With many changes and amendments, it is still in effect today.