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Long title: An Act to relieve the existing national economic emergency by increasing agricultural purchasing power, to raise revenue for extraordinary expenses incurred by reason of such emergency, to provide emergency relief with respect to agricultural indebtedness, to provide for the orderly liquidation of joint-stock land banks, and for other purposes.
In the spring and summer of 1933, the Roosevelt administration and the Congress took several actions that effectively suspended the gold standard. Roosevelt took office on March 4, 1933, and thirty-six hours later, he declared a nationwide bank moratorium in order to prevent a run on the banks by consumers lacking confidence in the economy.
The presence of hysteresis in the labor market also raises the importance of monetary and fiscal policy. If temporary downturns in the economy can create long term increases in unemployment, stabilization policies do more than provide temporary relief; they prevent short term shocks from becoming long term increases in unemployment. [164]
To prevent damaging lawsuits, in 1856 several important patents were pooled under the Sewing Machine Combination, which licensed the patents for a fixed fee per machine sold. The sewing machine industry was a beneficiary of machine tools and the manufacturing methods developed at the Federal Armories. By 1860 two sewing machine manufacturers ...
In general, they accepted the concept of laissez-faire, a doctrine opposing government interference in the economy except to maintain law and order. This attitude started to change during the depression of the 1890s when small business, farm, and labor movements began asking the government to intercede on their behalf.
The purpose of these two 1980s-era programs was "so that there was no way you could 'double dip' into both a federal pension and Social Security," explains Jill Schlesinger, CBS News business analyst.
The establishment of a protective tariff, a 20%–25% tax on imported goods, would protect a nation's business from foreign competition. Congress passed a tariff in 1816 which made European goods more expensive and encouraged consumers to buy relatively cheap American-made goods.
Families evicted to make way for dams, power plants or other big projects must be resettled and their livelihoods restored. Key Findings Over the last decade, projects funded by the World Bank have physically or economically displaced an estimated 3.4 million people, forcing them from their homes, taking their land or damaging their livelihoods.