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Seventy-third Congress
The 73rd United States Congress was a meeting of the legislative branch of the United States federal government, composed of the United States Senate and the United States House of Representatives. It met in Washington, D.C. from March 4, 1933, to January 3, 1935, during the first two years of Presidency of Franklin D. Roosevelt, Franklin D. Roosevelt's presidency. Because of the newly ratified Twentieth amendment to the United States Constitution, 20th Amendment, the duration of this Congress, along with the term of office of those elected to it, was shortened by days. The apportionment of seats in the United States House of Representatives, House of Representatives was based on the United States Census, 1930, Fifteenth Census of the United States in 1930. The Democratic Party (United States), Democrats greatly increased their majority in the House, and won control of the Senate for the first time since the 65th United States Congress, 65th Congress in 1917. With Franklin D. Ro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Nance Garner
John Nance Garner III (November 22, 1868 – November 7, 1967), known among his contemporaries as "Cactus Jack", was an American Democratic politician and lawyer from Texas who served as the 32nd vice president of the United States under Franklin D. Roosevelt from 1933 to 1941. Garner was also the 39th speaker of the United States House of Representatives from 1931 to 1933. He and Schuyler Colfax are the only individuals to have served as both Speaker of the House and Vice President of the United States. Garner began his political career as the county judge of Uvalde County, Texas. He served in the Texas House of Representatives from 1898 to 1902 and won election to represent Texas in the United States House of Representatives in 1902. He represented Texas's 15th congressional district from 1903 to 1933. Garner served as House Minority Leader from 1929 to 1931, and was elevated to Speaker of the House when Democrats won control of the House following the 1930 elections. G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Thomas Rainey
Henry Thomas Rainey (August 20, 1860 – August 19, 1934) was an American politician. A member of the Democratic Party from Illinois, he served in the United States House of Representatives from 1903 to 1921 and from 1923 to his death. He rose to Speaker of the House, during the famous Hundred days of Franklin D. Roosevelt in 1933. Biography Early years Rainey attended the public schools and Knox Academy and Knox College, Galesburg, Illinois. He transferred to, and graduated from Amherst College in 1883 and then the Union College of Law, in Chicago which he graduated in 1885. He was admitted to the bar in 1885 and commenced practice in Carrollton, Illinois. Political career Rainey was appointed master in chancery for Greene County, Illinois, from 1887 until 1895, when he resigned, and returned to private practice. He then decided to return to politics in 1902 getting elected to Congress and serving for nine terms before losing to Guy L. Shaw in 1920. Two years later, h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Civilian Conservation Corps Reforestation Relief Act
The Civilian Conservation Corps (CCC) was a voluntary government work relief program that ran from 1933 to 1942 in the United States for unemployed, unmarried men ages 18–25 and eventually expanded to ages 17–28. The CCC was a major part of President Franklin D. Roosevelt's New Deal that supplied manual labor jobs related to the conservation and development of natural resources in rural lands owned by federal, state, and local governments. The CCC was designed to supply jobs for young men and to relieve families who had difficulty finding jobs during the Great Depression in the United States Robert Fechner was the first director of this agency, succeeded by James McEntee following Fechner's death. The largest enrollment at any one time was 300,000. Through the course of its nine years in operation, three million young men took part in the CCC, which provided them with shelter, clothing, and food, together with a wage of $30 (equivalent to $1000 in 2021) per month ($25 of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roosevelt Signing TVA Act (1933)
Roosevelt may refer to: *Theodore Roosevelt (1858–1919), 26th U.S. president * Franklin D. Roosevelt (1882–1945), 32nd U.S. president Businesses and organisations * Roosevelt Hotel (other) * Roosevelt & Son, a merchant bank * Roosevelt Institute, a think tank Educational establishments * Roosevelt School (other) * Roosevelt Elementary School (other) * Roosevelt Middle School (other) * Roosevelt High School (other) * Roosevelt School District (other) * Colegio Franklin Delano Roosevelt, The American School of Lima, Peru * Eleanor Roosevelt College, University of California, San Diego, U.S. * President Theodore Roosevelt High School, Honolulu, Hawaii, U.S. * Roosevelt Intermediate School, Westfield, New Jersey, U.S. * Roosevelt University, Illinois, U.S. * University College Roosevelt, formerly Roosevelt Academy, Middelburg, the Netherlands People * Roosevelt family, U.S. political family * Roosevelt (name) * List of peopl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Budget Deficit
The government budget balance, also alternatively referred to as general government balance, public budget balance, or public fiscal balance, is the overall difference between government revenues and spending. A positive balance is called a ''government budget surplus'', and a negative balance is a ''government budget deficit''. A government budget is a financial statement presenting the government's proposed revenues and spending for a financial year. A budget is prepared for each level of government (from national to local) and takes into account public social security obligations. The government budget balance can be broken down into the ''primary balance'' and interest payments on accumulated government debt; the two together give the budget balance. Furthermore, the budget balance can be broken down into the ''structural balance'' (also known as ''cyclically-adjusted balance'') and the cyclical component: the structural budget balance attempts to adjust for the impact of cy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Act
The Economy Act of 1933, officially titled the Act of March 20, 1933 (ch. 3, ; ), is an Act of Congress that cut the salaries of federal workers and reduced benefit payments to veterans, moves intended to reduce the federal deficit in the United States.Olson, James Stuart. ''Historical Dictionary of the Great Depression, 1929-1940.'' Santa Barbara, calif.: Greenwood Publishing Group, 2001. The Economy Act of 1933 is sometimes confused with the ''Economy Act of 1932'', which was signed in the final days of the Hoover administration in February 1933.Lee, Mordecai. ''Institutionalizing Congress and the Presidency: The U.S. Bureau of Efficiency, 1916-1933.'' College Station, Tex.: Texas A&M University Press, 2006. This Hoover-sponsored bill established the purchasing authority of the federal government. Title VI of authorized heads of executive departments, establishments, bureaus, and offices to place orders with any other such Federal agency unless the requisitioned goods or servic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationalize
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owner ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Standard
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves. Historically, the silver standard and bimetallism have been more common than the gold standard. The shift to an international monetary system based on a gold standard reflected accident, network externalities, and path dependence. Great Britain accidentally adopted a ''de facto'' gold standard in 1717 when Sir Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation. As Great Britain became the world's leading fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Requirement
Reserve requirements are central bank regulations that set the minimum amount that a commercial bank must hold in liquid assets. This minimum amount, commonly referred to as the commercial bank's reserve, is generally determined by the central bank on the basis of a specified proportion of deposit liabilities of the bank. This rate is commonly referred to as the reserve ratio. Though the definitions vary, the commercial bank's reserves normally consist of cash held by the bank and stored physically in the bank vault (vault cash), plus the amount of the bank's balance in that bank's account with the central bank. A bank is at liberty to hold in reserve sums above this minimum requirement, commonly referred to as '' excess reserves''. The reserve ratio is sometimes used by a country’s monetary authority as a tool in monetary policy, to influence the country's money supply by limiting or expanding the amount of lending by the banks. Monetary authorities increase the reserve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Herbert Hoover
Herbert Clark Hoover (August 10, 1874 – October 20, 1964) was an American politician who served as the 31st president of the United States from 1929 to 1933 and a member of the Republican Party, holding office during the onset of the Great Depression in the United States. A self-made man who became rich as a mining engineer, Hoover led the Commission for Relief in Belgium, served as the director of the U.S. Food Administration, and served as the U.S. Secretary of Commerce. Hoover was born to a Quaker family in West Branch, Iowa, but he grew up in Oregon. He was one of the first graduates of the new Stanford University in 1895. He took a position with a London-based mining company working in Australia and China. He rapidly became a wealthy mining engineer. In 1914 at the outbreak of World War I, he organized and headed the Commission for Relief in Belgium, an international relief organization that provided food to occupied Belgium. When the U.S. entered the war in 191 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Deal
The New Deal was a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939. Major federal programs agencies included the Civilian Conservation Corps (CCC), the Works Progress Administration (WPA), the Civil Works Administration (CWA), the Farm Security Administration (FSA), the National Industrial Recovery Act of 1933 (NIRA) and the Social Security Administration (SSA). They provided support for farmers, the unemployed, youth, and the elderly. The New Deal included new constraints and safeguards on the banking industry and efforts to re-inflate the economy after prices had fallen sharply. New Deal programs included both laws passed by Congress as well as presidential executive orders during the first term of the presidency of Franklin D. Roosevelt. The programs focused on what historians refer to as the "3 R's": relief for the unemployed and for the poor, recovery ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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