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Aldrich–Vreeland Act 

Bill passed into law May 1908. Created a scheme for preventing banking liquidity crises (such as the Crisis of 1907); also created a commission for massive banking reform. The Aldrich-Vreeland Commission deliberated for three years before sending their plan to Congress.

In 1912, Republicans lost control of Congress and the White House. The Aldrich-Vreeland was modified by Sen. Carter Glass (D-VA), then submitted it to Congress and passed December 1913. This created the Federal Reserve System.

Sen. Glass argued that the Federal Reserve Act of 1913 was totally different from the plan developed by the Republicans. Anna Schwartz and Milton Friedman, in *A Monetary History of the United States, 1867-1960* (1963) explained it was pretty much the same. In any event, the Aldrich-Vreeland Act was one of the most important pieces of legislation ever passed in response to an economic crisis.
MARC: Wow! Glenn Beck says that Woodrow Wilson was actually a crypto-communist.

BILL: Sorry, that's silly.

MARC: Well, didn't he create the Federal Reserve Bank? That's socialistic, isn't it.

BILL: Uh, it was designed during the Administration of William Howard Taft, Marc. Ever heard of the Aldrich–Vreeland Act?

MARC: President Taft? I had no idea he was a Communist too!
Related Words

class act 

A person who is a class act has it together, they have a lot of class in public situations. It can also be used as a diss because you can sarcastically use it to describe someone as podunk.. redneck.. immature.. or downright stupid as hell..
"Those bitches are a real class act because they dont have a life and start stupid shit. Man i wish i was them.. they are so tight, not"

"That ho must be a cut above the rest of us because she thinks that shes hott shit"

class act by Tay buck July 20, 2008

reproductive act 

Sex is the reproductive act.
Calling the reproductive act "sex" leads young people to engage in sexual intercourse mostly oblivious to the main possible consequence—creating a new life.
reproductive act by but for December 3, 2017

Internet Privacy Act of 1995 

A fictitious regulation supposedly making law enforecement officials unable to persecute you for your collection of pirated videos. Started by internet media 'traders' to protect themselves against being reported to officals, it is now a euphemisim for no one really caring enough about your stash of bootlegged movies to do anything about it.
As Quoted From An Actual Trader's site:
"If you enter this site with intention to use the information herein to prosecute any person affiliated with this site, you are violating Code 341.322.12 of the Internet Privacy Act of 1995 which stipulates that none may threaten my ISP or any other company hosting these pages."


Clueless Person: "Wait, I thought this movie wasn't out on DVD yet."
Trader: "No worries, I'm protected under the Internet Privacy Act of 1995."

last act 

Words spoken or actions done shortly before a dying breath.
"Grandma's last act was to write you out of her will." (RiffTrax.com)
last act by Goldeelux May 15, 2009

Useful Act 

When you do something useful for the world. It can be anything big or small, long-term or a once off. Something that you wish more people just did, anything that you've wanted to do for ages but haven't got round to, or just something nice for someone.
"I just spent an hour helping out my friends housemate by drying and putting way all their dishes." "For no reason? you just did a Useful Act"

I'm going to tell people how important and wonderful they are, to their faces while they're there. Rather than think it after they leave.

"Just got my bike fixed so that I can replace one unnecessary drive per week with a bike ride instead" "I've been meaning to do that! It's such a Useful act"

"I got to netball early tonight, so instead of just sitting by myself for 30 minutes like usual, I scored a game with no subs so that the players on court wouldn't have to. It kept me occupied and was a Useful Act"

"I want to spend more time playing with my dog, it's a useful act"
Useful Act by Cotties November 29, 2012