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Economic Development
AICP Economic Development
| Term | Definition |
|---|---|
| Report on Manufactures _____ | 1791; In this report Alexander Hamilton argues for protective tariffs for manufacturing industry; purpose: promoting industrial development in the young republic. |
| the American System | 1818; In a speech before Congress, Henry Clay proposes this plan; purpose: allocate federal funds to promote the development of the national economy by combining tariffs with infrastructure improvements (roads, canals and other waterways) |
| Erie Canal Completed in _______ | 1825 This artificial waterway connected the northeastern states with the newly settled areas of what was then the West, facilitating the economic development of both regions. |
| The National Road, Completion of ______ | 1839; The National Road terminates in Vandalia, Illinois. Begun in 1811 in Cumberland, Maryland, it helps open the Ohio Valley to settlers. |
| Promontory Point ______ | May 10, 1869; The Union Pacific and the Central Pacific railroads meet at Promontory Point, Utah, on to complete the first transcontinental railroad. |
| US Geological Survey Established _______ | 1879; Establishment of U.S. Geological Survey to survey and classify all Public Domain lands |
| Panama Canal Completed | 1914 |
| Great Depression Stated in ______ | 1929; Stock market crash in October ushers in Great Depression; fosters ideas of public planning on a national scale. |
| Reconstruction Finance Corporation established ________ | 1932; established at the outset of the Great Depression to revive economic activity by extending financial aid to failing financial, industrial, and agricultural institutions. |
| Grande Coulee Dam completed _________ | Finished in 1941; Congress authorizes construction of the Grande Coulee Dam in Central Washington State. largest concrete structure in the U.S.; centerpiece of Columbia Basin Project |
| Hoover Dam completed ________ | 1936; Hoover Dam on the Colorado River completed; Creates and sustains population growth and industrial development in Nevada, California, and Arizona. |
| Bretton Woods Agreement ______ | 1944; Bretton Woods (New Hampshire) Agreement; The U.S. and allies meet to establish the International Bank for Reconstruction and Development (World Bank). |
| Marshall Plan first proposed _____ by _______ | 1947; by Secretary George C. Marshall; uses his Harvard College commencement address to propose the Marshall Plan for the reconstruction of postwar Europe |
| The St. Lawrence Seaway completed _____ | 1959; This joint U.S.-Canada project created, in effect, a fourth North American seacoast, opening the American heartland to sea-going vessels |
| War on Poverty declared ______ by ______ | President Lyndon Johnson declares war on poverty; urges congressional authorization of many remedial programs, plus the establishment of a cabinet-level Department of Housing and Community Development; at: University of Michigan commencement |
| The Appalachian Regional Planning Act established ___________ | 1965; The Appalachian Regional Planning Act |
| Enterprise Zone/Empowerment Community (EZ/EC) proposal signed into law; Purpose: jumpstart economies; Means: 1) tax incentives; 2) wage tax credits; 3) special deductions, 4) and low-interest financing to a impoverished urban and rural communities |
Created by:
lhilde
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