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accommodatory monetary policy

accommodatory monetary policy  

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A policy of allowing the supply of money to expand in line with the demand for it. If the demand for money rises because of sustainable real growth in the economy, accommodatory monetary policy is ...
Andrew Jackson

Andrew Jackson  

(1767–1845)US general and Democratic statesman, 7th President of the USA (1829–37). After waging several campaigns against American Indians, he defeated a British army at New Orleans (1815) and ...
balanced budget amendment

balanced budget amendment  

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A proposal to compel the US government to balance its budget by a consitutional amendment forbidding further government borrowing. Such an amendment would remove the discretion to allow a deficit to ...
Black Monday

Black Monday  

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19 October 1987, the day on which world stock markets collapsed. In New York the Dow Jones index fell by 23 percent, and significant falls occurred in London and other major stock markets worldwide. ...
Bonus Army

Bonus Army  

A group of over 20,000 World War I veterans who marched on Washington, D.C., to receive their World War I bonus during the summer of 1932. Most of the veterans ...
Bretton Woods Conference

Bretton Woods Conference  

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A conference (formally, the United Nations Monetary and Financial Conference) held in July 1944 at Bretton Woods, New Hampshire, in the USA, at which the representatives of 44 countries, most ...
business cycle

business cycle  

Observed changes to economic conditions which move from prosperity through recession to depression and hence back to recovery and further prosperity. Also known as the economic cycle. See, for ...
caucus

caucus  

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An exclusive meeting of the members of a party, or faction for organizational and/or strategic purposes. In the United States there are nominating caucuses and congressional caucuses. In some states ...
cheap money

cheap money  

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A monetary policy of keeping interest rates at a low level. This is normally done to encourage an expansion in the level of economic activity by reducing the costs of borrowing and investment. It was ...
Cornelius Vanderbilt

Cornelius Vanderbilt  

(1794–1877)US businessman and philanthropist. Vanderbilt amassed a fortune from shipping and railroads, and from this made an endowment to found Vanderbilt University in Nashville, Tennessee (1873). ...
corporatism

corporatism  

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A concept of a political economic system in which economic decisions are achieved through negotiation between centralized corporate bodies representing interest groups. In particular, under ...
deflation

deflation  

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The situation in which there is a general decrease in prices, especially when this is accompanied by falling levels of output, employment, and trade. Because of these associations, advocates of ...
demand

demand  

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The ability and desire to buy goods and services, or the quantity of a good or service that is needed in order to meet the requirements of the user. See also market equilibrium, supply.
Federal Reserve System

Federal Reserve System  

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The US system of central banking. This consists of a Board of Governors in charge of twelve District Reserve Banks (a district here means a group of states). The Governors are appointed by the ...
foreign aid

foreign aid  

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The transfer of state resources through loans, grants, or provision of goods, from more to less developed countries, for development or emergency relief purposes. This can be done on a bilateral ...
General Agreement on Tariffs and Trade

General Agreement on Tariffs and Trade  

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(GATT)A trade treaty that operated from 1948 until 1995, when it was replaced by the World Trade Organization (WTO). GATT was supported by 95 nations and a further 28 nations applied its rules de ...
gold standard

gold standard  

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Overview Page
The setting of the value of a paper currency by reference to and exchangeable for gold (cf. convertibility). The USA operated a gold standard until 1971 fixed at US$35 an ounce.[...]
Grover Cleveland

Grover Cleveland  

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(1837–1908)US Democratic statesman, 22nd and 24th President of the USA (1885–89; 1893–97). His first term was marked by efforts to reverse the heavily protective import tariff, and his second by his ...
Herbert Hoover

Herbert Hoover  

(1874–1964)US Republican statesman and thirty-first president of the USA (1929–33).Hoover was born in West Branch, Iowa, to Quaker parents, who were both dead by the time he was nine years old. ...
industrial relations

industrial relations  

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Overview Page
The relations between the management and workforce of an enterprise, particularly bargaining through trade unions. This mainly concerns pay, hours and conditions of work, fringe benefits, security of ...

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