The Wagner Act Established the First Minimum Wage for Workers

question 165

True/False

The Wagner Act established the first minimum wage for workers.

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Definitions:

Involuntary Petition

A legal process initiated by creditors requesting a court to declare a debtor bankrupt when the debtor hasn't voluntarily filed for bankruptcy.

Order for Relief

A court order in bankruptcy proceedings that grants the petitioner, usually a debtor, protection from creditors and sanctions the commencement of bankruptcy proceedings.

Fraudulent Transfer

The act of illegally transferring property to another party in order to evade creditors or the law.

Trustee

A trustee is an individual or organization that holds or manages property or assets for the benefit of another, usually under the terms of a trust agreement.