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Legislation

Employment Act of 1946 signed into law

President Truman signed the Employment Act of 1946, declaring that it is the policy and responsibility of the federal government to promote maximum employment, production, and purchasing power and establishing the framework for the Council of Economic Advisers.

Employment Act of 1946 signed into law

The law committed the federal government to active economic management in the postwar era and created institutional tools (including the CEA) that shaped U.S. economic policy for decades.

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