| Term | Definition |
|---|
| Taft-Hartley Act of 1947 | outlawed "closed" shops (closed to non-union members), made unions liable for damages that resulted from jurisdictional disputes among themselves, and required that union leaders take non-communist oaths |
| Employment Act of 1946 | made it government policy to "promote maximum employment, production, and purchasing power," and created the Council of Economic Advisors to provide the president with data to make that policy a reality |
| GI Bill of Rights (Servicemen's Readjustment Act of 1944) | which allowed all servicemen to have free college education once they returned from the war |
| International Monetary Fund (IMF) | created to encourage world trade by regulating the currency exchange rates |
| National Security Act of 1947 | created the Department of Defense, which was housed in the Pentagon and headed by a new cabinet position, the Secretary of Defense, under which served civilian secretaries of the army, navy, and air force and created the National Security Council (NSC) to advise the president on security matters and the Central Intelligence Agency (CIA) to coordinate the government's foreign fact-gathering (spying) |
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