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AICP Economic Development History
From http://planningpa.org/career_aicp_pdc_study.pdf
28
Real Estate & Planning
Professional
05/09/2011

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Term
Homestead Act
Definition
Opened the lands of the Public Domain to settlers for a nominal fee and five years residence. (1862)
Term
New Deal
Definition
It begins with a spate of counter-depression measures. (1933)
Term
Kelo v. City of New London
Definition
The US Supreme Court upholds the decades-old practice of utilizing urban redevelopment and eminent domain for economic development purposes when such actions are backed by a redevelopment plan that underwent a full plan development process. (2005)
Term
President Lyndon Johnson declares war on poverty
Definition
In a commencement speech at the University of Michigan. Also urges congressional authorization of many remedial programs, and establishment of a cabinet-level Department of Housing and Community Development (1964)
Term
Ordinance of 1785
Definition
Provided for the rectangular land survey of the Old Northwest. The rectangular survey has been called "the largest single act of national planning in our history and ... the most significant in terms of continuing impact on the body politic" (Daniel Elazar). (1785)
Term
Morrill Act
Definition
Congress authorizes land grants from the Public Domain to the states. Proceeds from the sale were to be used to found colleges offering instruction in agriculture, engineering, and other practical arts. (1862)
Term
Report on the Lands of the Arid Region of the United States
Definition
By John Wesley Powell. Includes a proposed regional plan that would both foster settlement of the arid west and conserve scarce water resources. (1878)
Term
U.S. Reclamation Act
Definition
Created fund from sale of public land in the arid states to supply water there through the construction of water storage and irrigation works. (1902)
Term
Tennessee Valley Authority
Definition
Created to provide for unified and multipurpose rehabilitation and redevelopment of the Tennessee Valley, America's most famous experiment in river-basin planning. Senator George Norris of Nebraska fathered idea, and David Lilienthal was its most effective implementer. (1933)
Term
Federal Aid Highway Act
Definition
Congress passes multibillion dollar law to create interstate highway system linking all state capitals and most cities of 50,000 population or more. (1956)
Term
The Public Work and Economic Development Act
Definition
Passes Congress. This act establishes the Economic Development Administration to extend coordinated, multifaceted aid to lagging regions and foster their redevelopment (1965)
Term
The Appalachian Regional Planning Act
Definition
Establishes a region comprising all of West Virginia and parts of 12 other states, plus a planning commission with the power to frame plans and allocate resources. (1965)
Term
Enterprise Zone/Empowerment Community (EZ/EC)
Definition
Aims tax incentives, wage tax credits, special deductions, and low-interest financing to a limited number of impoverished urban and rural communities to jumpstart their economic and social recovery. (1993)
Term
North American Free Trade Agreement (NAFTA)
Definition
U.S., Canada and Mexico agreement begins on January 1, its purpose to foster trade and investment among the three nations by removing or lowering non-tariff as well as tariff barriers. (1994)
Term
Report on Manufactures
Definition
Alexander Hamilton argues for protective tariffs for manufacturing industry as a means of promoting industrial development in the young republic. (1791)
Term
the American System
Definition
In a speech before Congress, Henry Clay proposes a plan to allocate federal funds to promote the development of the national economy by combining tariffs with internal improvements, such as roads, canals and other waterways. (1818)
Term
Erie Canal completed
Definition
This artificial waterway connected the northeastern states with the newly settled areas of what was then the West, facilitating the economic development of both regions. (1825)
Term
The National Road
Definition
Terminates in Vandalia, Illinois. Begun in 1811 in Cumberland, Maryland, it helps open the Ohio Valley to settlers. (1839)
Term
The Union Pacific and the Central Pacific railroads
Definition
Met at Promontory Point, Utah, on May 10 to complete the first transcontinental railroad. (1869)
Term
U.S. Geological Survey
Definition
Established to classify all Public Domain lands. (1879)
Term
Panama Canal completed and opened to world commerce.
Definition
1914 (1914)
Term
Stock market crash
Definition
In October ushers in Great Depression and fosters ideas of public planning on a national scale. (1929)
Term
Reconstruction Finance Corporation
Definition
Established at the outset of the Great Depression to revive economic activity by extending financial aid to failing financial, industrial, and agricultural institutions. (1932)
Term
The Grande Coulee Dam in Central Washington State
Definition
Congress authorizes construction. Finished in 1941, it is the largest concrete structure in the U.S. and the heart of the Columbia Basin Project, a regional plan comparable in its scope to TVA. The project's purposes are irrigation, electric power generation and flood control in the Pacific Northwest. (1935)
Term
Hoover Dam on the Colorado River
Definition
Creates and sustains population growth and industrial development in Nevada, California, and Arizona. (1936)
Term
Bretton Woods (New Hampshire) Agreement
Definition
The U.S. and allies meet to establish the International Bank for Reconstruction and Development (World Bank). (1944)
Term
Secretary George C. Marshall uses his Harvard College commencement address to propose the Marshall Plan
Definition
For the reconstruction of postwar Europe. (1947)
Term
The St. Lawrence Seaway is completed
Definition
This joint U.S.-Canada project created, in effect, a fourth North American seacoast, opening the American heartland to seagoing vessels. (1959)
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