This act was brought about through several court cases concerning child labor and minimum wage for women. This is something that the President worked very hard to pass. This law was signed by him on June 25, 1938, but it was not until this date that it went into effect.
I find it kind of interesting what exactly the law stated. For the first year, minimum wage was $.25 per hour. Within seven years, it had to be raised to $.40. The first year, no worker was to work for more than 44 hours per week without compensation at overtime rates. This decreased to 42 the second year and 40 the third year. Good thing that the minimum age has been raised since then!
If you are interested, there is a lot more information on these sites:
http://www.dol.gov/oasam/programs/history/flsa1938.htm
http://www.ehow.com/about_6556615_fair-labor-standards-act-1938.html
http://www.unionworkers.com/fair_labor_standards_act.pdf
http://www.history.com/topics/fair-labor-standards-act
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