Guffey Coal Act
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The Guffey Act was a law, officially known as the Bituminous Coal Conservation Act of 1935, passed in the United States in 1935 under Franklin D. Roosevelt as part of his New Deal. It sought to set the price of coal in order to protect the industry from low competitive rates. It was later ruled to be unconstitutional because, by giving power to the federal government to control prices, it infringed upon the economic liberty of free enterprise.
It was replaced in 1937 with the Guffey-Vinson Coal Act, which the Supreme Court did find constitutional. The act however, reinstated the price fixing but removed the labor provisions of the previous act.[1] In 1939, the Bituminous Coal Commission was abolished and its duties were transferred to the US Department of Interior.[2]
See also
References
- ^ www.eoearth.org/article/Bituminous_Coal_Act,_United_States
- ^ http://www.presidency.ucsb.edu/ws/index.php?pid=15760&st=&st1=#axzz1o0Kd9BZW
Further reading
- James P. Johnson. A "New Deal" for soft coal: the attempted revitalization of the bituminous coal industry under the New Deal (1979)
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