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

    … workers salary doesn’t make them automatically exempt from overtime. Breaking into the mortgage business isn’t easy. For most, success means long hours. It’s hard to work 9 to 5 when your prospective clients need to drop off paperwork after hours or can only meet on weekends. PNC knew, or certainly should have known, that their mortgage bankers were…

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

    … to the exceptions. The FLSA sets forth a federal minimum wage and requires most workers be paid at time and one half rates if they work more than 40 hours in a 7-day work period. (Some unscrupulous employers try to declare all workers to be “managers” or tell workers that because they are salaried, they are exempt from overtime. Don’t believe it. If you have…

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

    … to overtime if they work more than 40 hours in a week. The hotel operator, SASAK Corporation, actually thought by labeling desk clerks and housekeepers as managers it could avoid overtime. Fair Labor Standards Act and Overtime The federal Fair Labor Standards Act (FLSA) was passed during the Great Depression. The law says that people who work more…

    Due Diligence- 17 readers -
  • TX Property Managers Accuse Employer of Overtime & Wage Theft

    … A Texas woman is accusing her employer of wage and overtime theft. Sherry Shelby filed a complaint under the federal Fair Labor Standards Act (FLSA) accusing Boxer Property Management as improperly classifying her as exempt from overtime. Under the FLSA’s damage remedies, her wage theft claims could result in an award of double damages plus legal…

    Due Diligence- 18 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

    … and always visit our blog. We have an easy to use search feature – type in the word “Uber” and be instantly connected with all posts about the company and our tip and wage theft FLSA class action lawsuit. — MahanyLaw is a national boutique law firm that represents whistleblowers and victims of fraud. To date we have helped our clients collect…

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

    …. So do ministers and religious organizations. As a general rule, religious organizations and churches are exempt from the FLSA. For example, a priest or nun who takes a vow of poverty can’t later sue for unpaid overtime or wage theft. In passing the Fair Labor Standards Act, Congress relied on the Commerce Clause of the U.S. Constitution…

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

    …. Their agenda is almost always the opposite of the average American worker and often runs counter to their own constituency. This is especially true when it comes to overtime. The Fair Labor Standards Act (FLSA) was passed in 1938 just as America was recovering from the Great Depression. It is the law that requires most workers be paid minimum wage…

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

    … companies don’t buy made in America products. Taxpayers suffer, honest vendors suffer, hard working American workers suffer. The only folks making money are the ones who are breaking the law. The Buy American Act has been on the books since 1933.Passed during the Great Depression, the law seeks to promote American jobs and industry. Made in America…

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

    … and Consumer Protection Act of 2010 (“Dodd Frank”). We were promised that the government would clean up Wall Street once and for all. The White House issued a statement saying, “The financial crisis was the result of a fundamental failure from Wall Street to Washington. Some on Wall Street took irresponsible risks that they didn’t fully understand…

    Due Diligence- 26 readers -
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