By James S. Olson, Abraham O. Mendoza
A examine of the U.S. economic system is necessary to realizing U.S. politics, society, and tradition. To make that research more uncomplicated, this dictionary bargains concise essays on greater than 1,200 economics-related themes. Entries disguise a vast array of pivotal info on ancient occasions, laws, monetary phrases, exertions unions, innovations, curiosity teams, elections, complaints, fiscal guidelines and philosophies, fiscal associations, and international approaches. Economics-focused biographies and corporate profiles are featured as sidebars, and the paintings additionally comprises either a chronology of significant occasions in U.S. monetary background and a selective bibliography.
Encompassing U.S. heritage due to the fact 1776 with an emphasis on fresh a long time, entries diversity from issues regarding the early monetary formation of the republic to those who discover fiscal features of knowledge expertise within the twenty first century. The paintings is written to be sincerely understood through upper-level highschool scholars, yet deals enough intensity to entice undergraduates. moreover, most of the people could be attracted through informative discussions of every thing from fresh power to what retains rates of interest low.
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Extra resources for American Economic History: A Dictionary and Chronology
The secretary of agriculture could set marketing quotas whenever the price of a particular crop was threatened by surplus production. Acreage allotments for individual farmers would go into effect after two-thirds of the affected farmers approved them in referendums. The Commodity Credit Corporation* would make loans on surplus crops at prices just below the parity* levels of 1909–1914. If prices rose above the value of the loan, the farmer could sell his produce at a profit and repay the government.
On September 24, 1965, President Lyndon B. Johnson* responded to that problem by issuing an executive order requiring all federal contractors to use “affirmative action” to ensure that minority workers were hired in numbers consistent with their ratio in the population. In Griggs v. Duke Power Company in 1971, the Supreme Court invalidated the use of intelligence tests that had the effect of limiting minority hiring and promotion. Companies began to use a variety of criteria, not just intelligence tests, in making their hiring decisions.
Butler and his associates, the receivers of the bankrupt Hoosac Mills Corporation. 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.
American Economic History: A Dictionary and Chronology by James S. Olson, Abraham O. Mendoza