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Seventy-third United States 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 Franklin D. Roosevelt's presidency. Because of the newly ratified 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 House of Representatives was based on the 1930 United States census. The Democrats greatly increased their majority in the House, and won control of the Senate for the first time since the 65th Congress in 1917. With Franklin D. Roosevelt being sworn in as president on March 4, 1933, this gave the Democrats an overall federal government trifecta, also for the first time since the 65th Congress. Major events *March 4, 1933: Franklin D. Roosevelt became President of ... [...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 the 32nd vice president of the United States, serving from 1933 to 1941, under President Franklin D. Roosevelt. A member of the Democratic Party (United States), Democratic Party, Garner served as the 39th List of speakers of the United States House of Representatives, speaker of the U.S. House of Representatives from 1931 to 1933, having been a U.S. representative from Texas from 1903 to 1933. Garner and Schuyler Colfax are the only politicians to have served as presiding officers of both chambers of the U.S. Congress as 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 1899 to 1903 and won election to represent Texas in the U.S. House of Representatives in 1902. He represented Texas's 15th congressional district from 190 ... [...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 United States Democratic Party, Democratic Party from Illinois, he served in the United States House of Representatives from 1903 to 1921 and from 1923 to his death in 1934. He rose to Speaker of the United States House of Representatives, Speaker of the House, during the famous First 100 days of Franklin D. Roosevelt's presidency, Hundred days of Franklin D. Roosevelt in 1933. Biography Early years Rainey attended the public schools and Knox Academy and Knox College (Illinois), Knox College, Galesburg, Illinois. He transferred to, and graduated from Amherst College in 1883 and then the Northwestern University Pritzker School of Law, Northwestern University School 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, ... [...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 In the United States, the Great Depression began with the Wall Street Crash of October 1929 and then spread worldwide. The nadir came in 1931–1933, and recovery came in 1940. The stock market crash marked the beginning of a decade of high u .... There was eventually a smaller counterpart program for unemployed women called the She-She-She Camps, which were championed by Elean ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roosevelt Signing TVA Act (1933)
Roosevelt most often refers to two American presidents: * Theodore Roosevelt (1858–1919, president 1901–1909), 26th president of the United States * Franklin D. Roosevelt (1882–1945, president 1933–death), 32nd president of the United States It may also refer to: Education United States * Eleanor Roosevelt College, University of California, San Diego * Roosevelt University, Illinois, a private university with campuses in Chicago and Schaumburg * Roosevelt High School (other) * President Theodore Roosevelt High School, Honolulu, Hawaii * Roosevelt Junior High School (other) * Roosevelt Middle School (other) * Roosevelt Elementary School (other) * Roosevelt Intermediate School, Westfield, New Jersey * Roosevelt School (other), various school buildings on the National Register of Historic Places * Roosevelt School District (other) Elsewhere * Roosevelt Institute for American Studies, a research institute and graduate s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Budget Deficit
The government budget balance, also referred to as the general government balance, public budget balance, or public fiscal balance, is the difference between government government revenues, revenues and government expenditures, spending. For a government that uses accrual accounting in the public sector, accrual accounting (rather than cash accounting) the budget balance is calculated using only spending on current operations, with expenditure on new capital assets excluded. A positive balance is called a ''government budget surplus'', and a negative balance is a ''government budget deficit''. A government budget presents the government's proposed revenues and spending for a financial year. 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-adjus ... [...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 this earlier act authorized heads of executive departments, establishments, bureaus, and offices to place orders with any other such Federal agency unless the requisition ... [...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 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 (or deprivatization). Industries often subject to nationalization include telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water (sometimes called the commanding heights of the economy), and in many jurisdictions such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. Nationalization is distinguished from property redistribution in that the government retains control of nationalized property. So ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts Deposit account, 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. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, 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 accounting liquidity, 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 o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Standard
A gold standard is a backed currency, monetary system in which the standard economics, 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 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 w ... [...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 Bank reserves, commercial bank's reserve, is generally determined by the central bank on the basis of a specified proportion of Deposit account, deposit liabilities of the bank. This rate is commonly referred to as the cash reserve ratio or shortened as reserve ratio. Though the definitions vary, the commercial bank's reserves normally consist of currency, 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''. In some areas such as the euro area and the UK, tightening of reserve requirements in the home country is found to be associated with higher lending by foreign branches. Fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Herbert Hoover
Herbert Clark Hoover (August 10, 1874 – October 20, 1964) was the 31st president of the United States, serving from 1929 to 1933. A wealthy mining engineer before his presidency, Hoover led the wartime Commission for Relief in Belgium and was the director of the U.S. Food Administration, followed by post-war relief of Europe. As a member of the Republican Party (United States), Republican Party, he served as the third United States secretary of commerce from 1921 to 1928 before being 1928 United States presidential election, elected president in 1928. His presidency was dominated by the Great Depression, and his policies and methods to combat it were seen as lackluster. Amid his unpopularity, he decisively lost reelection to Franklin D. Roosevelt in 1932 United States presidential election, 1932. Born to a Quaker family in West Branch, Iowa, Hoover grew up in Oregon. He was one of the first graduates of the new Stanford University in 1895. Hoover took a position with a Lond ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Deal
The New Deal was a series of wide-reaching economic, social, and political reforms enacted by President Franklin D. Roosevelt in the United States between 1933 and 1938, in response to the Great Depression in the United States, Great Depression, which had started in 1929. Roosevelt introduced the phrase upon accepting the Democratic Party (United States), Democratic Party's presidential nomination in 1932 before winning the election in a landslide over incumbent Herbert Hoover, whose administration was viewed by many as doing too little to help those affected. Roosevelt believed that the depression was caused by inherent market instability and too little demand per the Keynesian model of economics and that massive government intervention was necessary to stabilize and rationalize the economy. During First 100 days of the Franklin D. Roosevelt presidency, Roosevelt's first hundred days in office in 1933 until 1935, he introduced what historians refer to as the "First New Deal", ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
