Before the rise of union power in the United States, labor relations were mostly directed by common law principles...
Hoover, FDR & the Great Depression
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The Federal National Mortgage Association -- better known as Fannie Mae -- was established in 1938 as part of President Franklin Delano Roosevelt's New Deal legislation. Just like the recent financial crisis,...
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Though already in a recession by the 1929 stock market crash, that event generally marks the beginning of the United States economy's collapse into the Great Depression, an unprecedented period of high unemployment,...
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Although inflation has been the norm during the latter half of the 20th century, there were long periods in U.S. history during which prices actually fell - a phenomenon called deflation. In 1836, the money supply...
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Born from President Franklin Roosevelt's New Deal entitlement policies, Social Security functions as a system of social insurance in which a portion of workers and employers earnings are taxed to fund government-managed trust funds. These funds...
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Government, led by politicians, often feels the need to "do something" in response to economic downturns, natural disasters, changes in the environment, etc. Sometimes action is warranted, but often it is not.
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