The Walsh-Healy Act (1936)

question 44

Multiple Choice

The Walsh-Healy Act (1936) :

• A)sets the ground rules for the give and take between labor unions and corporate managers.
• B)provides modest pensions to retired workers.
• C)sets the terms and conditions of employment to be provided by government contractors.
• D)sets minimum wages, mandates overtime pay, and regulates child labor.

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Definitions:

Savings Plan

A strategy designed to help individuals allocate a portion of their income for future use, typically involving deposit accounts or investments.

Semi-Annual Deposits

Deposits made twice a year into a financial account or investment vehicle.

Compounded Quarterly

Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a quarterly basis.

Compounded Semi-Annually

Interest that is computed and added to the principal twice a year, allowing the investment to grow more rapidly.