What Did the Supreme Court Do in the Case of Schechter

question 2

Multiple Choice

What did the Supreme Court do in the case of Schechter Poultry Corporation v. United States?

• A) It ended the Farm Credit Administration because it caused farmers' debts only to deepen, while Big Business accumulated great wealth at their expense.
• B) It overturned the National Industrial Recovery Act, ruling that Congress had given too much power to the president and representing the growing opposition to the New Deal.
• C) It decided that Schechter was involved in interstate, not local, trade and therefore need not change anything about its practices to adhere to the law.
• D) It upheld the constitutionality of the second Agricultural Adjustment Act because it protected the "middle men" that processed food crops and warehoused commodities.
• E) It prevented Roosevelt from going through the Second New Deal, even though he had already helped put together most of the policy for it.

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Definitions:

Flexible Global Supply Chain

A supply chain that can rapidly adjust its operations and processes in response to changing global market conditions and demands.

Demand Uncertainty

The unpredictability of consumer demand for a product or service, making it difficult for businesses to forecast accurately and plan inventory levels or production schedules.

Supply Uncertainty

The risk of unpredictability in obtaining required materials or products from suppliers, which can affect production schedules, costs, and market responsiveness.

Exchange Rates

The value of one currency expressed in terms of another currency, which plays a critical role in international trade and finance.