Goverment/Legal Flashcards
Federal Reserve System
the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system
Underwood Tariff
lowered average tariff rates from about 40 percent to about 27 percent and reintroduced a federal income tax
Versailles Treaty
signed by Germany and the Allied Nations on June 28, 1919, formally ending World War One. Required that Germany pay financial reparations, disarm, lose territory, and give up all of its overseas colonies
McNary Haugen bill
A farm-relief bill that was championed throughout the 1920s and aimed to keep agricultural prices high by authorizing the government to buy up surpluses and sell them abroad
Smoot Hawley Tariff
1930, enacted to protect U.S. farmers from foreign competition by increasing tariffs on certain foreign goods
Fair Labor Standards bill
establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards affecting full-time and part-time workers in the private sector and in federal, state, and local governments
Atlantic Charter
a nation’s right to choose its own government, the easing of trade restrictions and a plea for postwar disarmament
Good Neighbor Policy
President Franklin Delano Roosevelt took office determined to improve relations with the nations of Central and South America. Under his leadership the United States emphasized cooperation and trade rather than military force to maintain stability in the hemisphere.
GI Bill of Rights
provided World War II veterans with funds for college education, unemployment insurance, and housing. It put higher education within the reach of millions of veterans of WWII and later military conflicts
Bracero program
System agreed to by Mexican and American governments in 1942 under which tens of thousands of Mexicans entered the United States to work temporarily in agricultural jobs in the Southwest; lasted until 1964 and inhibited labor organization among farm workers since braceros could be deported at any time.
Potsdam Conference
Last meeting of the major Allied powers; the conference that took place outside Berlin from July 17 to August 2, 1945, at which U.S. president Harry Truman, Soviet dictator Joseph Stalin, and British prime minister Clement Attlee finalized plans begun at Yalta.
Yalta Conference
a meeting held during World War II, between February 4, 1945 - February 11, 1945, by the heads of the state of the allied nations (Stalin, Roosevelt, and Churchill). The meeting was held to plan out the occupation of post war Germany.
Bretton Woods Conference
a gathering of delegates from 44 nations that met from July 1 to 22, 1944 in Bretton Woods, New Hampshire, to agree upon a series of new rules for the post-WWII international monetary system
Truman Doctrine
established that the United States would provide political, military and economic assistance to all democratic nations under threat from external or internal authoritarian forces
Marshall Plan
provided markets for American goods, created reliable trading partners, and supported the development of stable democratic governments in Western Europe