Great Depression

The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in 1930 and lasted until the late 1930s or middle 1940s. It was the longest, deepest, and most widespread depression of the 20th century.In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline. The depression originated in the U.S., after the fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday).
Posts about Great Depression
  • Guaranty Bank – FDIC Closure and Whistleblower Post

    … on for years. Whistleblower Awards for Bank Fraud or Misconduct In 1989, Congress passed the Financial Institutions Reform, Recovery and Enforcement Act – FIRREA for short. When originally passed, Congress hoped the law would be used to prosecute small town bankers who frequently used the bank as their own personal piggy bank. Bad loans were rampant…

    Due Diligence- 34 readers -
  • PNC Pays Mortgage Loan Officers $16M – Overtime Lawsuit

    … end of the Great Depression, the law still has teeth. Unfortunately, outside sales reps and certain professionals are exempt. Are mortgage loan officers exempt? Probably not. A series of recent cases suggests that private bankers and mortgage loan officers are not exempt. That means they qualify for overtime pay. Are you required to give out…

    Due Diligence- 28 readers -
  • Wage Theft Post – Getting Paid for Travel and Commuting?

    … Wage theft is a huge problem in the United States. Gone are the days when most workers would drive to a factory, clock in, work eight hours and go home. Today employers expect us to travel to different work sites, take phone calls while at home and even schedule appointments from home. Often employers don’t follow the rules and cheat…

    Due Diligence- 9 readers -
  • What Does Enterprise-Rent-a-Car and a St Louis Hotel Co. Have in Common?

    … on the property and were required to work around the clock. When a employer engages in wage or overtime theft, the FLSA allows workers to receive double back pay. The employer must also pay the workers’ legal fees. In this case, SASAK settled by agreeing to pay $200,000 to 51 workers. The average worker will get approximately $4000. In settling the case, SASAK…

    Due Diligence- 17 readers -
  • Feds Find 2000 Ag Workers Owed Wages – FLSA Wage Theft Post

    …. This is especially true of migrant workers who move from job to job. FLSA and the Migrant and Seasonal Worker Protection Act Congress passed the Fair Labor Standards Act – FLSA – in 1938 during the Great Depression. The law assured that most American workers would receive at least a minimum wage, pay for all time worked and overtime at premium…

    Due Diligence- 15 readers -
  • TX Property Managers Accuse Employer of Overtime & Wage Theft

    … was finally beginning to climb out of the Great Depression. The law promised that workers would receive a minimum wage, would be paid for all hours worked and be eligible for time and one half pay for any hours over 40 in a 7 day period. Like all federal laws, there are some exceptions including outside, commissioned sales people. If wage theft is proven…

    Due Diligence- 18 readers -
  • Employee Misclassification FLSA Hit List – Wage Theft Post

    … or for actual hours worked. Common employee misclassification schemes include improperly classifying workers as “professionals”, admin workers or “managers.” The FLSA was passed at the tail end of the Great Depression. Millions of Americans were out of work. Some unscrupulous employers took advantage of those who were working and forced them to work…

    Due Diligence- 17 readers -
  • Trucking Co. Customer Reps Win Back Overtime

    … are often more than any ultimate recovery. When those costs are not spread over a large group of workers, they become prohibitive. Congress probably didn’t anticipate lawsuit waivers when passing the FLSA during the Great Depression. They did have the foresight, however, to include an attorney’s fee provision requiring the employer to pay…

    Due Diligence- 12 readers -
  • Uber Driver Was Granted Unemployment Benefits

    … 15 coverage-less, nightmarish months as a result. Our firm is proud to represent Lorri and many other Uber drivers who have suffered from the company’s tight fisted policies. Fair Labor Standards Act – FLSA – Uber Class Action Lawsuit Lorri brings her case in part under the Fair Labor Standards Act. Passed shortly after the Great Depression…

    Due Diligence- 31 readers -
  • Are Church and Religious Workers Covered by the FLSA?

    … and eligible for more pay. The U.S. Supreme Court and FLSA Religious Exemptions The 7th Circuit’s decision was largely based on a U.S. Supreme Court decision from 1985. In that case, the U.S. Department of Labor took action against a religious foundation whose workers did not receive overtime. The Tony and Susan Alamo Foundation was a nonprofit religious…

    Due Diligence- 25 readers -
  • Chamber’s Dumb Arguments Against the Overtime Rule

    … a release claiming that the new overtime rule “threatens nonprofits and state and local governments.” Their release is accompanied by a photo of several Boy Scouts sitting by a fountain in front of the World War II Memorial in Washington DC. Boy Scouts, war heroes, the Washington Monument and an American flag – the only thing missing from the picture…

    Due Diligence- 23 readers -
  • Schumer Finds False “Made in America” Goods

    … more. Under the federal False Claims Act, a whistleblower with inside information about fraud involving a federal funds or programs can bring an action in the name of the government. If the government ultimately nets a recovery, the whistleblower gets between 15% and 30% of that recovery. In 2014, the federal government paid out over $435…

    Due Diligence- 8 readers -
  • Has Wall Street Changed?

    … As We Enter 2016, a New Financial Crisis Looms. We Need Whistleblowers More Than Ever! It was just 9 years ago that our economy began to tank. There was no magic cataclysmic event such as the Black Tuesday stock market crash of 1929. That day is widely believed to have ushered in the Great Depression. If the Great Depression started…

    Due Diligence- 26 readers -
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