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Flashcards in Financial Time Line Deck (62)
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1
Q

Industrial Revolution - Transition from agriculture to manufacturing.

A

1900

2
Q

Immigration

A

1900

3
Q

Economic Expansion

A

1900

4
Q

Isolationist Attitude

A

1900

5
Q

Was the beginning of Big Government

A

1913

6
Q

FED - Monetary Policy Established

A

1913

7
Q

IRS - Agent of Fiscal Policy Established

A

1913

8
Q

July 1914 to November 1918

A

WWI

9
Q

Lusitania sunk by German Submarine and 128 Americans died. It was a British passenger ship.

A

May 1915

10
Q

7 U.S. Merchant Ships targeted.

A

1917

11
Q

U.S. Involvement in WWI

A

April 1917 to November 1918

12
Q

Economic Growth, Full Employment, Disposable Income, and Personal Investment Increased when?

A

Roaring 20’s

13
Q

Roaring 20’s were what dates?

A

1920-1929

14
Q

Stock Market Crash

A

1929

15
Q

What caused the stock market crash?

A

Brokers, Banks, and insurance companies using improper Margin Sales Techniques.

16
Q

Years when there was nationwide bank runs and bank failures.

A

1930-1932

17
Q

Hoover vs. Roosevelt

A

1932

18
Q

Roosevelt inaugurated when?

A

1933

19
Q

Roosevelt was in office from when to when?

A

March 1933 to his death in April 1945

20
Q

Congress imposed the Glass-Steagall Act when?

A

1933

21
Q

An act that put numerous restrictions on banks.

A

Glass-Steagall Act

22
Q

An act that forced the break up of bank holding companies.

A

Glass-Steagall Act

23
Q

J.P. Morgan sold its investment banking firm to Stanley Investment Bank who re-named it what?

A

Morgan-Stanley

24
Q

What bank divested itself of its non-commercial bank activities?

A

City Bank, NY

25
Q

Emergency Banking Act (The Bank Holiday)

A

1933

26
Q

What act caused all Banks to be closed for 4.5 days.

A

Emergency Banking Act

27
Q

What act established Regulations for Margin Sales?

A

Securities Act of 1933

28
Q

What act required formal registration of stock sales through SEC?

A

Securities Act of 1933

29
Q

FDIC was established when?

A

1933

30
Q

Securities Exchange Act established?

A

1934

31
Q

What act dealt with inside trading and strengthened the SEC?

A

Securities Exchange Act of 1934

32
Q

Social Security Act established when?

A

1935

33
Q

FDR Era

A

1933-1945

34
Q

Roosevelt’s presidency was known as? (2 Things)

A

“Hand of Government Era” and “New Deal”

35
Q

English Economist and Economic adviser to Roosevelt.

A

John Maynard Keynes

36
Q

Roosevelts “make work” stimulus projects, list 4.

A
  1. Tennessee Valley Authority
  2. Civilian Conservation Corp.
  3. Works Progress Administration
  4. Infastructure Projects
37
Q

Built over 385 hydroelectric dams and power stations and put tens of thousands of people to work.

A

TVA - Tennessee Valley Authority

38
Q

Unemployed young men (18-26) were put to work in forestry, National Parks, State Parks, and Recreation areas.

A

CCC - Civilian Conservation Corp.

39
Q

Put artistic people to work.

A

WPA - Works Progress Administration

40
Q

Hoover Dam, Golden Gate Bridge, Seaports, Docks, Warehouses, Airports Built.

A

Infrastructure Projects

41
Q

When does Franklin Roosevelt die?

A

April 1945

42
Q

When does WWII end?

A

1945

43
Q

Year in which U.S. is the richest, most powerful nation in the world?

A

1945

44
Q

Year when women were working in the wartime work force?

A

1945

45
Q

Year in which 12 Million troops come home resulting in unemployment.

A

1945

46
Q

Employment Act established when?

A

1946

47
Q

What year was the Council of Economic Advisers established?

A

1946

48
Q

When was the Marshall Plan established?

A

1947

49
Q

The greatest act of generosity and its objective was to re-build war destroyed Europe.

A

Marshall Plan

50
Q

Who established the Marshall Plan?

A

George Marshall - Secretary of State General

51
Q

When did the Korean War start?

A

1950

52
Q

When did the interstate Highway System begin?

A

1955

53
Q

Who established the Highway system?

A

President Eisenhowser

54
Q

Who takes over for President Roosevelt when he dies?

A

Harry Truman

55
Q

When were Merrill Lynch Money Market Funds created?

A

1974

56
Q

Depository Institution Deregulation & Monetary Control Act from when to when?

A

1975-1985

57
Q

President Carter Community Reinvestment Act established?

A

1977

58
Q

President Clinton expansion of the Community Reinvestment Act - CRA

A

1995

59
Q

Graham-Leach-Bliley Act

A

1999

60
Q

Community Reinvestment Act - CRA

A

Encouraged secondary mortgage lenders to buy more mortgages.

61
Q

What act repealed the Glass-Steagall Act?

A

Graham-Leach-Bliley Act

62
Q

Removed financial holding company regulations and allowed banks to expand as financial holding companies in order to compete with foreign banks.

A

Graham-Leach-Bliley Act