Overhead expenses, combined with direct material and direct labor expenses, form the three components to the cost of any product or service that a small business might offer.
In 1871, an era of political machines and patronage, Arthur was named to the powerful position of customs collector for the Port of New York. He later was removed from the job by President Rutherford Hayes (1822-1893) in an attempt to reform the spoils system. Elected to the vice presidency in 1880, Arthur became president after Garfield died following an assassination attempt by a disgruntled job seeker.
The National Recovery Administration was a prime New Deal agency established by U.S. president Franklin D. Roosevelt (FDR) in 1933.The goal was to eliminate cut-throat competition by bringing industry, labor and government together to create codes of fair practices and set prices.ritish journalist Alistair Cooke described Franklin Delano Roosevelt 's presidency of the United States of America in the two years from his inauguration to the Supreme Court 's declaration that the National Recovery Administration was unconstitutional, as a benevolent dictatorship.