The national wage distribution is shown below. To overlay local salaries for an Automotive Service Technician or Mechanic, please select your state.
The Johnson Debt Default Act of 1934 is a U.S. law prohibiting future loans to nations that have defaulted on repayment of previous loans to the U.S. This law came about following the collapse of the international financial situation created by the Dawes Plan and subsequently modified by the Young Plan as a result of the Great Depression.
The Great Depression wrought havoc on the U.S. housing market. By 1933, an estimated 20 to 25% of the nation's outstanding mortgage debt was in default. Fannie Mae was established in 1938 by amendments to the National Housing Act as part of Franklin Delano Roosevelt's New Deal.