Events with tag - Economic Policy

October 9, 1651

Navigation Acts of 1651

The Navigation Acts of 1651 were groundbreaking English maritime laws that required all colonial trade to flow through English ports using English ships, fundamentally transforming the economic relationship between Britain and its American colonies.

April 5, 1764

Sugar Act of 1764

The Sugar Act of 1764, also known as the American Revenue Act, was Britain's first attempt to directly tax American colonies, reducing molasses tax while implementing stricter trade regulations and enforcement measures.

January 1, 1791

First US Constitutional Crisis

In 1791, America faced its first constitutional crisis during George Washington's presidency over the establishment of the First Bank of the United States, sparking a fundamental debate between Alexander Hamilton and Thomas Jefferson about constitutional interpretation.

October 29, 1929

The Great Depression Peak Unemployment

The Great Depression reached its devastating peak in 1933 with an unprecedented 24.9% unemployment rate, leaving 15 million Americans jobless in the worst economic crisis of modern history.

March 9, 1933

Emergency Banking Act

The Emergency Banking Act of 1933 was a landmark legislation passed during the Great Depression that gave the federal government and Federal Reserve expanded powers to stabilize the failing banking system and restore public confidence.

June 16, 1933

FDIC Establishment

The Federal Deposit Insurance Corporation (FDIC) was created during the Great Depression as a crucial financial safeguard to restore confidence in the U.S. banking system. This landmark institution began insuring bank deposits on January 1, 1934, marking a fundamental shift in banking regulation.

June 16, 1933

Glass-Steagall Act

The Glass-Steagall Act of 1933 was a groundbreaking financial regulation that separated commercial and investment banking in response to the 1929 stock market crash. It established the FDIC and remained in effect until 1999.

April 11, 1941

US WWII Price Controls

In 1941, President Franklin D. Roosevelt established the Office of Price Administration (OPA) to combat wartime inflation and ensure fair distribution of resources. This comprehensive price control system regulated over 8 million products and implemented nationwide rationing until 1946.