Final answer:
The Fair Labor Standards Act was created to establish minimum wage and overtime pay standards, as well as to regulate the employment of minors.
Step-by-step explanation:
The act that was created to establish minimum wage and overtime pay standards, as well as to regulate the employment of minors, is the Fair Labor Standards Act (B). The act that was created to establish minimum wage and overtime pay standards as well as to regulate the employment of minors is the Fair Labor Standards Act (FLSA).
This act, signed by President Franklin D. Roosevelt in the summer of 1938, aimed to protect workers by setting a federal minimum wage, a maximum workweek of forty hours, with the opportunity for overtime pay for hours that exceed this limit, and prohibiting the labor of children under the age of sixteen. The FLSA was a significant piece of New Deal legislation that also contributed to the postwar economic stability of the 1950s, and its influence continues to be felt in present-day labor laws.