Trump v. Slaughter · ¶50

On a day that New Dealers would dub “Black Monday,” the Court ruled unanimously against the President—as it did in two other cases decided that same day, A. L. A. Schechter Poultry Corp. v. United States, 295 U. S. 495 (1935), and Lou isville Joint Stock Land Bank v. Radford, 295 U. S. 555 (1935). See A. Schlesinger, The Politics of Upheaval 279– 290 (1960). Schechter and Radford were quite a blow to the President, invalidating aspects of his signature legislation. Schechter found an unconstitutional delegation of legislative power in a statute that gave the President free rein to prescribe “standards of fair competition” businesses were obliged to follow. 295 U. S., at 534, 542. And Radford found a violation of the Takings Clause in a statute that allowed farmers who defaulted on their mortgages to retain possession of their property for years on end. 295 U. S., at 575–576, 601–602.

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