By James S. Olson, Abraham O. Mendoza
A research of the U.S. economic climate is critical to knowing U.S. politics, society, and tradition. To make that research more straightforward, this dictionary bargains concise essays on greater than 1,200 economics-related issues. Entries conceal a wide array of pivotal details on ancient occasions, laws, fiscal phrases, exertions unions, innovations, curiosity teams, elections, proceedings, monetary guidelines and philosophies, monetary associations, and international methods. Economics-focused biographies and corporate profiles are featured as sidebars, and the paintings additionally comprises either a chronology of significant occasions in U.S. fiscal historical past and a selective bibliography.
Encompassing U.S. heritage on the grounds that 1776 with an emphasis on contemporary many years, entries variety from issues with regards to the early fiscal formation of the republic to people who discover fiscal features of data know-how within the twenty first century. The paintings is written to be basically understood by means of upper-level highschool scholars, yet deals adequate intensity to entice undergraduates. moreover, most people can be attracted via informative discussions of every little thing from fresh strength to what retains rates of interest low.
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Extra info for American Economic History: A Dictionary and Chronology
They rejected the claim and sued in the federal courts. S. Supreme Court, in the case United States v. Butler*, declared the AAA unconstitutional, claiming that agricultural problems were local, not national, issues and were therefore beyond federal control. Consequently, the AAA violated the reserve clause of the Tenth Amendment. The Court also complained that the federal program did not operate on the basis of voluntary contracts but on the basis of coercion. Enraged about the Court’s unwillingness to let the federal government deal with the economic crisis, the Department of Agriculture* prepared new legislation that became law on February 29, 1936, as the Soil Conservation and Domestic Allotment Act*.
Eisenhower appointed Ezra Taft Benson as secretary of agriculture, the government’s policy of trying to reduce federal price supports in the name of a free market became even clearer.
The Supreme Court decided in 1899, in Addyston Pipe and Steel Company v. , that such arrangements were in restraint of trade and thus violations of the Sherman Antitrust Act. Reference Alfred H. Kelly and Winfred H. Harbison, The American Constitution, 1970. A D J U S T E D C O M P E N S AT I O N A C T O F 1 9 3 6 At the end of World War I, military veterans were given bonus certificates allowing them to collect small pensions beginning in 1945. When the Great Depression* struck in 1929 and unemployment rose dramatically, some veterans began to demand early payment of those bonuses.
American Economic History: A Dictionary and Chronology by James S. Olson, Abraham O. Mendoza