History of American Legislation Flashcards
The National Origins Act
A law that severely restricted immigration by establishing a system of national quotas that blatantly discriminated against immigrants from southern and eastern Europe and virtually excluded Asians. The policy stayed in effect until the 1960s.
What was the National Housing Act?
The National Housing Act paved the way for the creation of the Federal Housing Authority (FHA) and the Federal Savings and Loan Insurance Corp. (FSLIC), which helped low-income families buy homes. The FSLIC insured mortgages, making it possible for federally chartered lenders to give out long-term loans.
FHA
The FHA’s primary function was to insure home mortgage loans made by banks and other private lenders, thereby encouraging them to make more loans to prospective home buyers.
FSLIC (Federal Savings and Loan Insurance Corporation)
Federal Savings and Loan Insurance Corporation (FSLIC) — a U.S. government entity that insures savings deposits in savings and loan associations up to a maximum limit.
FDIC (Federal Deposit Insurance Corporation)
The Federal Deposit Insurance Corporation is one of two agencies that supply deposit insurance to depositors in American depository institutions
GI Bill?
The Servicemen’s Readjustment Act of 1944, commonly known as the G.I. Bill, was a law that provided a range of benefits for some of the returning World War II veterans (commonly referred to as G.I.s). The original G.I. Bill expired in 1956, but the term “G.I. Bill” is still used to refer to programs created to assist some of the U.S. military veterans.
The Fair Labor Standards Act?
The Fair Labor Standards Act (FLSA) is a federal law which 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.
United States Housing Authority
The new law established the United States Housing Authority (USHA) that provided $500 million in loans for low-cost housing projects across the country. Under the new law, the USHA acted as a loan granting agency to state and local housing authorities to build low-cost housing in both small and large urban areas.
Brown v Board of Education?
Brown v. Board of Education of Topeka, 347 U.S. 483, was a landmark decision of the U.S. Supreme Court in which the court ruled that U.S. state laws establishing racial segregation in public schools are unconstitutional, even if the segregated schools are otherwise equal in quality.
The Glass-Steagall Act
June 16, 1933. The Glass-Steagall Act effectively separated commercial banking from investment banking and created the Federal Deposit Insurance Corporation, among other things. It was one of the most widely debated legislative initiatives before being signed into law by President Franklin D.
War on Poverty?
Throughout the Johnson and Nixon administrations, the War on Poverty—and the Great Society more broadly—laid the foundation for our modern-day safety net, including the Supplemental Nutrition Assistance Program, or SNAP, formerly known as food stamps; Medicare; Medicaid; Head Start; and expanded Social Security.
What is the Securities and Exchange Commission? SEC
The Securities and Exchange Commission (SEC) regulates the stock markets, ensures honest disclosure on all stock transactions, and fights insider trading. (Insider Trading is the trading of a company’s stocks or other securities by individuals with access to confidential or non-public information about the company.)
What is the Securities and Exchange Commission? SEC
The Securities and Exchange Commission (SEC) regulates the stock markets, ensures honest disclosure on all stock transactions, and fights insider trading. (Insider Trading is the trading of a company’s stocks or other securities by individuals with access to confidential or non-public information about the company.)
What was the 1970s ban on CFCs?
Chlorofluorocarbons (CFCs), hydrochlorofluorocarbons (HCFCs) and halons destroy the earth’s protective ozone layer, which shields the earth from harmful ultraviolet (UV-B) rays generated from the sun. CFCs and HCFCs also warm the lower atmosphere of the earth, changing global climate. The United States banned the usage of CFCS in the 1970s
What was the Federal Trade Commission Act?
Federal Trade Commission Act (FTCA), federal legislation that was adopted in the United States in 1914 to create the Federal Trade Commission (FTC) and to give the U.S. government a full complement of legal tools to use against anticompetitive, unfair, and deceptive practices in the marketplace.
