Emergency Relief And Construction
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Emergency Relief And Construction
The Emergency Relief and Construction Act (ch. 520, , enacted July 21, 1932), was the United States's first major-relief legislation, enabled under Herbert Hoover and later adopted and expanded by Franklin D. Roosevelt as part of his New Deal. The Emergency Relief and Construction Act was an amendment to the Reconstruction Finance Corporation Act which was signed on January 22, 1932. It created the Reconstruction Finance Corporation which released funds for public works projects across the country. The Brooklyn Navy Yard received an allotment of $880,000, marked for specific projects such as $215,000 for repairs and the maintenance of roofs, waterfront quays and docks, and Yard's railroad system. The biggest chunk, $855,000, was designated for a major overhaul of the power plant, to put in a new turbo generator, piping, boilers, and other engines. The Act was designed to be a temporary means of providing employment and all the positions created in the navy yard to service th ...
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Banks And Banking
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 ...
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Roof
A roof ( : roofs or rooves) is the top covering of a building, including all materials and constructions necessary to support it on the walls of the building or on uprights, providing protection against rain, snow, sunlight, extremes of temperature, and wind. A roof is part of the building envelope. The characteristics of a roof are dependent upon the purpose of the building that it covers, the available roofing materials and the local traditions of construction and wider concepts of architectural design and practice, and may also be governed by local or national legislation. In most countries, a roof protects primarily against rain. A verandah may be roofed with material that protects against sunlight but admits the other elements. The roof of a garden conservatory protects plants from cold, wind, and rain, but admits light. A roof may also provide additional living space, for example, a roof garden. Etymology Old English 'roof, ceiling, top, summit; heaven, sk ...
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72nd United States Congress
The 72nd United States Congress was a meeting of the legislative branch of the United States federal government, consisting of the United States Senate and the United States House of Representatives. It met in Washington, D.C. from March 4, 1931, to March 4, 1933, during the last two years of Herbert Hoover's presidency. The apportionment of seats in this House of Representatives was based on the thirteenth decennial census of the United States in 1910. The Senate had a Republican majority. The House started with a very slim Republican majority, but by the time it first met in December 1931, the Democrats had gained a majority through special elections. Major events * Ongoing: Great Depression * January 12, 1932: Hattie Wyatt Caraway of Arkansas became the first woman elected to the United States Senate. ( Rebecca Latimer Felton of Georgia had been appointed to fill a vacancy in 1922; the 87-year-old Felton served one day as a senator.) Caraway had won a special electi ...
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1932 In The United States
Events from the year 1932 in the United States. Incumbents Federal Government * President: Herbert Hoover ( R-California) * Vice President: Charles Curtis ( R-Kansas) * Chief Justice: Charles Evans Hughes (New York) * Speaker of the House of Representatives: John Nance Garner ( D-Texas) * Senate Majority Leader: James Eli Watson ( R-Indiana) * Congress: 72nd Events January–March * January 1 – The United States Post Office Department issues a set of 12 stamps commemorating the 200th anniversary of George Washington's birth. * January 7 – The Stimson Doctrine is proclaimed, in response to the Japanese invasion of Manchuria. * January 12 – Hattie W. Caraway becomes the first woman elected to the United States Senate. * February 2 – The Reconstruction Finance Corporation begins operations in Washington, D.C. * February 4 – The 1932 Winter Olympics open in Lake Placid, New York. * February 15 – ''Clara, Lu & Em'', generally regarded ...
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1932 In American Law
Year 193 ( CXCIII) was a common year starting on Monday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Sosius and Ericius (or, less frequently, year 946 ''Ab urbe condita''). The denomination 193 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * January 1 – Year of the Five Emperors: The Roman Senate chooses Publius Helvius Pertinax, against his will, to succeed the late Commodus as Emperor. Pertinax is forced to reorganize the handling of finances, which were wrecked under Commodus, to reestablish discipline in the Roman army, and to suspend the food programs established by Trajan, provoking the ire of the Praetorian Guard. * March 28 – Pertinax is assassinated by members of the Praetorian Guard, who storm the imperial palace. The Empire is auctioned of ...
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Federal Home Loan Bank
The Federal Home Loan Banks (FHLBanks, or FHLBank System) are 11 U.S. government-sponsored banks that provide liquidity to the members of financial institutions to support housing finance and community investment. Overview The FHLBank System was chartered by Congress in 1932, during the Great Depression. It has a primary mission of providing member financial institutions with financial products/services which assist and enhance the financing of housing and community lending. The 11 FHLBanks are each structured as cooperatives owned and governed by their member financial institutions, which today include savings and loan associations (thrifts), commercial banks, credit unions and insurance companies. Each FHLBank is required to register at least one class of equity with the SEC, although their debt is not registered. A benefit of FHLBank membership is access to liquidity through secured loans, known as advances, which are funded by the FHLBanks in the capital markets from the is ...
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Department Of Housing And Urban Development
The United States Department of Housing and Urban Development (HUD) is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. It is headed by the Secretary of Housing and Urban Development, who reports directly to the President of the United States and is a member of the president's Cabinet. Although its beginnings were in the House and Home Financing Agency, it was founded as a Cabinet department in 1965, as part of the " Great Society" program of President Lyndon B. Johnson, to develop and execute policies on housing and metropolises. History The idea of a department of Urban Affairs was proposed in a 1957 report to President Dwight D. Eisenhower, led by New York Governor Nelson A. Rockefeller. The idea of a department of Housing and Urban Affairs was taken up by President John F. Kennedy, with Pennsylvania Senator and Kennedy ally Joseph S. Clark Jr. listing it as one of the top seven legislative priori ...
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Destroyer
In naval terminology, a destroyer is a fast, manoeuvrable, long-endurance warship intended to escort larger vessels in a fleet, convoy or battle group and defend them against powerful short range attackers. They were originally developed in 1885 by Fernando Villaamil for the Spanish NavySmith, Charles Edgar: ''A short history of naval and marine engineering.'' Babcock & Wilcox, ltd. at the University Press, 1937, page 263 as a defense against torpedo boats, and by the time of the Russo-Japanese War in 1904, these "torpedo boat destroyers" (TBDs) were "large, swift, and powerfully armed torpedo boats designed to destroy other torpedo boats". Although the term "destroyer" had been used interchangeably with "TBD" and "torpedo boat destroyer" by navies since 1892, the term "torpedo boat destroyer" had been generally shortened to simply "destroyer" by nearly all navies by the First World War. Before World War II, destroyers were light vessels with little endurance for unatte ...
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Engine
An engine or motor is a machine designed to convert one or more forms of energy into mechanical energy. Available energy sources include potential energy (e.g. energy of the Earth's gravitational field as exploited in hydroelectric power generation), heat energy (e.g. geothermal), chemical energy, electric potential and nuclear energy (from nuclear fission or nuclear fusion). Many of these processes generate heat as an intermediate energy form, so heat engines have special importance. Some natural processes, such as atmospheric convection cells convert environmental heat into motion (e.g. in the form of rising air currents). Mechanical energy is of particular importance in transportation, but also plays a role in many industrial processes such as cutting, grinding, crushing, and mixing. Mechanical heat engines convert heat into work via various thermodynamic processes. The internal combustion engine is perhaps the most common example of a mechanical heat engine, in ...
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Boiler
A boiler is a closed vessel in which fluid (generally water) is heated. The fluid does not necessarily boil. The heated or vaporized fluid exits the boiler for use in various processes or heating applications, including water heating, central heating, boiler-based power generation, cooking, and sanitation. Heat sources In a fossil fuel power plant using a steam cycle for power generation, the primary heat source will be combustion of coal, oil, or natural gas. In some cases byproduct fuel such as the carbon monoxide rich offgasses of a coke battery can be burned to heat a boiler; biofuels such as bagasse, where economically available, can also be used. In a nuclear power plant, boilers called steam generators are heated by the heat produced by nuclear fission. Where a large volume of hot gas is available from some process, a heat recovery steam generator or recovery boiler can use the heat to produce steam, with little or no extra fuel consumed; such a configuration is c ...
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Turbo Generator
A turbo generator is an electric generator connected to the shaft of a steam turbine or gas turbine for the generation of electric power. Large steam-powered turbo generators provide the majority of the world's electricity and are also used by steam-powered turbo-electric ships. Small turbo-generators driven by gas turbines are often used as auxiliary power units (APU, mainly for aircraft). History The first turbo-generators were electric generators powered by water turbines. The first Hungarian water turbine was designed by the engineers of the Ganz Works in 1866; industrial-scale production with dynamo generators started only in 1883. Engineer Charles Algernon Parsons demonstrated a DC steam-powered turbo generator using a dynamo in 1887, and by 1901 had supplied the first large industrial AC turbo generator of megawatt power to a plant in Eberfeld, Germany. Turbo generators were also used on steam locomotives as a power source for coach lighting and water pumps for ...
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Power Plant
A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the electricity generation, generation of electric power. Power stations are generally connected to an electrical grid. Many power stations contain one or more Electric generator, generators, a rotating machine that converts mechanical power into three-phase electric power. The relative motion between a magnetic field and a Electrical conductor, conductor creates an electric current. The energy source harnessed to turn the generator varies widely. Most power stations in the world burn fossil fuels such as coal, petroleum, oil, and natural gas to generate electricity. Low-carbon power sources include nuclear power, and an increasing use of renewable energy, renewables such as solar power, solar, wind power, wind, geothermal power, geothermal, and hydroelectricity, hydroelectric. History In early 1871 Belgian inventor Zénobe Gramme invented ...
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