Employment Act of 1946
E12307
The Employment Act of 1946 is a landmark U.S. federal law that established the government's responsibility to promote maximum employment, production, and purchasing power, laying the foundation for modern macroeconomic policy and creating the Council of Economic Advisers.
Observed surface forms (4)
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
macroeconomic policy law ⓘ |
| aimsToPrevent | mass unemployment ⓘ |
| aimsToPromote |
high levels of employment
ⓘ
sustained economic growth ⓘ |
| alsoKnownAs |
Employment Act of 1946
ⓘ
surface form:
Employment Act
|
| basisFor | modern U.S. macroeconomic policy framework ⓘ |
| branchAffected |
executive branch of the United States
ⓘ
legislative branch of the United States ⓘ |
| chamberInvolved |
United States House of Representatives
ⓘ
United States Senate ⓘ |
| codifiedIn | Title 15 of the United States Code ⓘ |
| congressNumber | 79th United States Congress ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| createdAgency | Council of Economic Advisers ⓘ |
| createdBody |
Joint Economic Committee of Congress
ⓘ
surface form:
Joint Economic Committee of the United States Congress
|
| dateEnacted | February 20, 1946 ⓘ |
| declaresNationalPolicyOn |
employment
ⓘ
production ⓘ purchasing power ⓘ |
| establishesResponsibilityOf |
United States government
ⓘ
surface form:
federal government of the United States
|
| establishesRoleFor |
Congress in economic oversight
ⓘ
President of the United States in economic policy ⓘ |
| historicalContext | post–World War II economic transition ⓘ |
| influencedBy | Great Depression ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| languageOfWork | English ⓘ |
| legalStatus | in force ⓘ |
| legislativeBody | United States Congress ⓘ |
| longTitle |
Employment Act of 1946
self-linksurface differs
ⓘ
surface form:
An Act to declare a national policy on employment, production, and purchasing power, and for other purposes
|
| policyGoal |
economic stability
ⓘ
maximum employment ⓘ maximum production ⓘ maximum purchasing power ⓘ |
| presidentAtEnactment |
President Harry S. Truman
ⓘ
surface form:
Harry S. Truman
|
| publicLawNumber | Public Law 79-304 ⓘ |
| relatedLegislation | Full Employment and Balanced Growth Act of 1978 ⓘ |
| replacedProposal |
Employment Act of 1946
self-linksurface differs
ⓘ
surface form:
Full Employment Bill of 1945
|
| requires |
Economic Report of the President
ⓘ
surface form:
annual Economic Report of the President
presidential reporting to Congress on economic conditions ⓘ |
| shortTitle | Employment Act of 1946 self-link ⓘ |
| signedBy |
President Harry S. Truman
ⓘ
surface form:
Harry S. Truman
|
| subjectMatter |
economic planning
ⓘ
employment policy ⓘ macroeconomic policy ⓘ |
| typeOfIntervention | Keynesian-inspired economic management ⓘ |
| uscSections | 15 U.S.C. §§ 1021–1022 ⓘ |
| yearEnacted | 1946 ⓘ |
Referenced by (15)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Employment Act
this entity surface form:
An Act to declare a national policy on employment, production, and purchasing power, and for other purposes
this entity surface form:
Full Employment Act (component of Employment Act of 1946)
this entity surface form:
Full Employment Bill of 1945