"New Deal Era: A Turning Point in Oil Regulation" On August 16, 1933, President Franklin D. Roosevelt made a significant move in his administration's efforts to regulate the US economy, adopting the Code of Fair Competition for the Governance of the Petroleum Industry. This landmark decision marked a major shift in the government's approach to industry oversight, aiming to establish fair business practices and protect consumers in the oil sector. The Supreme Court's recent ruling had paved the way for this move, setting the stage for a new era of federal intervention in the economy. As the nation recovers from the Great Depression, Roosevelt's actions will have far-reaching implications for the oil industry and the country's economic landscape.
8/16/1933: President Roosevelt adopts the Code of Fair Competition for the Governance of the Petroleum Industry. The Supreme Court declared… The post Today in Supreme Court History: August 16, 1933 appeared first on Reason.com.
