ECON 113 Chapter Notes - Chapter 6: Tennessee Valley Authority, Public Works Administration, David E. Lilienthal
Document Summary
Northeast: industrial economy, great banks & manufacturing corporations. Public works administration lowered prices by competing with private companies. 1932: aaa adds processing taxe to liquor and other luxuries/vices. 1934: roosevelt establishes national labor relations board to resolve disputes between unions and businesses. Robert wagner advocated for the creation of the permanent nlrb and majority rule : if most workers in a shop vote for a union, the union can represent the whole shop. 1935: rural electrification act supports the creation of rural power cooperatives. 1935: revenue act raised federal income tax on higher incomes. Consumer advisory board: created to represent the interests of the consuming public, head by mary harriman rumsey. Frederic howe, consumers" counsel to the aaa in 1933, produced consumer"s guide listing prices for staple products in various cities. New deal shifts its support from producers/processors to buyers.