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.

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AI-generated illustration of Employment Act of 1946

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of the Employment Act of 1946 (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.)

All labels observed (5)

How this entity was disambiguated

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 ⓘ
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 ⓘ
createdAgency Council of Economic Advisers ⓘ
createdBody Joint Economic Committee of the United States Congress ⓘ
dateEnacted February 20, 1946 ⓘ
declaresNationalPolicyOn employment ⓘ
production ⓘ
purchasing power ⓘ
establishesResponsibilityOf 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 federal government ⓘ
languageOfWork English ⓘ
legalStatus in force ⓘ
legislativeBody United States Congress ⓘ
longTitle 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 Harry S. Truman ⓘ
publicLawNumber Public Law 79-304 ⓘ
relatedLegislation Full Employment and Balanced Growth Act of 1978 ⓘ
replacedProposal Full Employment Bill of 1945 ⓘ
requires annual Economic Report of the President ⓘ
presidential reporting to Congress on economic conditions ⓘ
shortTitle Employment Act of 1946 ⓘ
signedBy Harry S. Truman ⓘ
subjectMatter economic planning ⓘ
employment policy ⓘ
macroeconomic policy ⓘ
typeOfIntervention Keynesian-inspired economic management ⓘ
uscSections 15 U.S.C. §§ 1021–1022 ⓘ
yearEnacted 1946 ⓘ

How these facts were elicited

Referenced by (18)

Full triples — surface form annotated when it differs from this entity's canonical label.

Truman administration domestic policy → hasPart → Employment Act of 1946 ⓘ
Joint Economic Committee of Congress → establishedBy → Employment Act of 1946 ⓘ
Council of Economic Advisers → legalBasis → Employment Act of 1946 ⓘ
Council of Economic Advisers → describedBySource → Employment Act of 1946 ⓘ
Employment Act of 1946 → shortTitle → Employment Act of 1946 ⓘ
Employment Act of 1946 → longTitle → An Act to declare a national policy on employment, production, and purchasing power, and for other purposes ⓘ
linked to: Employment Act of 1946
Employment Act of 1946 → replacedProposal → Full Employment Bill of 1945 ⓘ
linked to: Employment Act of 1946
Employment Act of 1946 → alsoKnownAs → Employment Act ⓘ
linked to: Employment Act of 1946
Truman administration → significantEvent → Employment Act of 1946 ⓘ
Truman administration → legislativeAchievement → Employment Act of 1946 ⓘ
79th United States Congress → notableLegislation → Employment Act of 1946 ⓘ
79th United States Congress → notableLegislation → Full Employment Act (component of Employment Act of 1946) ⓘ
linked to: Employment Act of 1946
Economic Report of the President → legalBasis → Employment Act of 1946 ⓘ
Humphrey–Hawkins Act → relatedTo → Employment Act of 1946 ⓘ
Public Law 95-523 → amends → Employment Act of 1946 ⓘ