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The sucre was devalued to 14.77 per dollar on June 4, 1940, and exchange controls were reimposed. The official rate became 14.00 per in 1942 and 13.50 per in 1944. Parity was registered with the International Monetary Fund on December 18, 1946, at 65.827 mg fine gold (13.50 per US$), but a system of multiple exchange rates was adopted in 1947.
Minimum wage by state by year. In the United States, the minimum wage is set by U.S. labor law and a range of state and local laws. [4] The first federal minimum wage was instituted in the National Industrial Recovery Act of 1933, signed into law by President Franklin D. Roosevelt, but later found to be unconstitutional. [5]