Why is the minimum wage controversial?
Opponents argue that when the minimum wage is increased, some businesses cut jobs to keep their labor costs the same which
, then, contributes to unemployment. How does Social Security affect Americans today? It continues to give basic financial support to the elderly.
Why did the Supreme Court consider the National Industrial Recovery Act to be unconstitutional quizlet?
In 1935 the Supreme Court declared the NIRA unconstitutional,
because Congress had unconstitutionally delegated legislative power to the president to draft the NRA codes
. … Established by the NIRA in 1933, the PWA was intended both for industrial recovery and unemployment relief.
Why did many American criticize President Roosevelt for attempting to add new justices to the Supreme Court?
Why did many Americans criticize President Roosevelt for attempting to add new Justices to the Supreme Court?
They feared that new Justices would overturn New Deal programs
. They argued that the existing Justices were young and highly capable. … They accused Roosevelt of trying to expand the executive branch's power.
Which factors threaten the viability of Social Security?
Benefits Threaten to Exceed Revenues
Three economic factors directly affect the financial stability of the Social Security Trust Funds:
inflation, wage growth, and employment
.
Why did John Maynard Keynes's theory of pump priming argue?
What did John Maynard Keynes's theory of pump priming argue?
New Supreme Court Justices would improve judicial impartiality
. Public-works projects would harm the economy by generating debt. Deficit spending would stimulate the economy and end the depression.
Why did the Supreme Court rule the NRA unconstitutional?
The National Recovery Administration (NRA) was a prime agency established by U.S. president Franklin D. Roosevelt (FDR) in 1933. … In 1935, the U.S. Supreme Court unanimously declared that the NRA law was unconstitutional, ruling that it infringed the separation of powers under the United States Constitution.
What are considered problems of the NRA quizlet?
What were the complaints about the NRA?
too much paper work
; large industrial had most say in drawing up codes; offended small business companies: said it was pro-union and unions complained it was anti-union.
What was the court packing scandal quizlet?
The Court-Packing Plan was
a legislative initiative proposed by U.S. President Franklin D. Roosevelt to add more justices to the U.S. Supreme Court
. Congress rejected the Presidents plan to pack the Supreme Court. Section 1: Identify three critics of FDR's New Deal policies and what they criticized.
Why did Roosevelt reorganize the Supreme Court?
Roosevelt to add more justices to the U.S. Supreme Court in order to obtain favorable rulings regarding New Deal legislation that the Court had ruled unconstitutional. … During Roosevelt's first term, the Supreme Court struck down several New Deal measures as being unconstitutional.
What was one reason that money funneled through the Reconstruction Finance Corporation didn't get to the people who needed it quizlet?
What was one reason that money funneled through the Reconstruction Finance Corporation didn't get to the people who needed it?
Businesses did not use the money they borrowed to hire more workers.
How has Social Security helped poverty?
Social Security benefits play a vital role in reducing poverty in every state, and
they lift more Americans above the poverty line than any other program
. Without Social Security, 21.7 million more Americans would be poor, according to analysis using the March 2019 Current Population Survey.
What is a notch baby?
So-called “notch babies” are
those Social Security recipients who were born between the years 1917 and 1921
. Folks born in those years were affected by a Social Security issue which had to do with how Cost of Living Adjustments (COLAs) were computed.
How did critics view the judicial reform bill under Roosevelt quizlet?
How did critics view the judicial reform bill under Roosevelt?
They felt that it was an attempt to gain influence on the Supreme Court
. What was the purpose of the Wagner Act in1935? … Which of the following would have most likely occurred if Franklin Roosevelt's judicial reform bill had become law?
What does the phrase pump priming mean quizlet?
Pump Priming. Pump priming is
the action of stimulating an economy
, usually after an economic recession. Pump priming involves the government putting more money into the hands of people to increase spending. Social Security Act. This Act created a pension system for retired people.
What is the biggest problem with Keynesian economics?
The Problem with Keynesianism
In the Keynesian view,
aggregate demand
does not necessarily equal the productive capacity of the economy; instead, it is influenced by a host of factors and sometimes behaves erratically, affecting production, employment, and inflation.
Is pump priming good?
Majority of the pump problems are started with not priming a pump or not doing it properly. Problems associated with lack of priming usually cause financial impact due to pump maintenance and the downtime of piping system due to a malfunctioning pump. So for
proper reliable operation pump must be primed
.
