For more than 40 years, the Historic Documents series has made primary source research easy by presenting excerpts from documents on the important events of each year for the United States and the World. Each volume includes 60 to 70 events with well over 100 documents from the previous year, from official reports and surveys to speeches from leaders and opinion makers, to court cases, legislation, testimony, and much more. Historic Documents is renowned for the well-written and informative background, history, and context it provides for each document. Each volume begins with an insightful essay that sets the year’s events in context, and each document or group of documents is preceded by a comprehensive introduction that provides background information on the event. Full-source citations are provided. Readers have easy access to material through a detailed, thematic table of contents, and each event includes references to related coverage and documents from the last ten editions of the series.
Federal Reserve Announces Interest Rate Hike: December 16, 2015
Seven years to the day after cutting a key economic indicator—the short-term interest rate—to near zero, the Board of Governors of the Federal Reserve Bank announced that, given the economic improvement since the end of the recession, it would begin slowly increasing the short-term interest rate. Although widely ...