145-459: Mableton ( / ˈ m eɪ b əl t ən / MAY -bəl-tən ) is a city in Cobb County, Georgia , United States. Voters of the unincorporated area of Mableton approved a referendum to incorporate on November 8, 2022, and six council members were elected on March 21, 2023, with Michael Owens elected as mayor of Mableton in the 2023 Mableton mayoral election . According to the 2020 census ,
290-634: A deflationary spiral started in 1931. Farmers faced a worse outlook; declining crop prices and a Great Plains drought crippled their economic outlook. At its peak, the Great Depression saw nearly 10% of all Great Plains farms change hands despite federal assistance. At first, the decline in the U.S. economy was the factor that triggered economic downturns in most other countries due to a decline in trade, capital movement, and global business confidence. Then, internal weaknesses or strengths in each country made conditions worse or better. For example,
435-418: A silver standard , almost avoided the depression entirely. The connection between leaving the gold standard as a strong predictor of that country's severity of its depression and the length of time of its recovery has been shown to be consistent for dozens of countries, including developing countries . This partly explains why the experience and length of the depression differed between regions and states around
580-478: A 1% tax to lower property taxes , but only for the public school budget, and not the additional 1% HOST homestead exemption for general funds. The county has also voted not to pay the extra 1% to join MARTA . At the beginning of 2006, Cobb became the last county in the state to raise the tax to 6%, which also doubled the tax on food to 2%. The SPLOST barely passed by a 114 vote margin, or less than one-quarter of
725-443: A 1965 referendum which led to its creation. 33°56′N 84°35′W / 33.94°N 84.58°W / 33.94; -84.58 Great Depression The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty; drastic reductions in liquidity , industrial production, and trade; and widespread bank and business failures around
870-591: A ball game. One of the early known records of white Europeans being aware of the inhabitants is an 1839 map depicting a 'Nickajack Creek' converging with the Chattahoochee River south and west of the Standing Peachtree settlement. The town was named after Scottish immigrant Robert Mable (October 18, 1803 – July 7, 1885), who on September 11, 1843, bought 300 acres (approximately 120 hectares or 1.2 km) of land in southern Cobb County from
1015-418: A family was $ 78,920. Males had a median income of $ 55,200 versus $ 43,367 for females. The per capita income for the county was $ 33,110. About 7.6% of families and 10.6% of the population were below the poverty line, including 14.5% of those under age 18 and 7.2% of those age 65 or over. As of 2000, there were 697,553 people, 248,303 households, and 169,178 families residing in the county. The population density
1160-604: A former privately run bank, bearing no relation to the U.S. government (not to be confused with the Federal Reserve ). Unable to pay out to all of its creditors, the bank failed. Among the 608 American banks that closed in November and December 1930, the Bank of United States accounted for a third of the total $ 550 million deposits lost and, with its closure, bank failures reached a critical mass. In an initial response to
1305-467: A greater reduction in credit. On 5 April 1933, President Roosevelt signed Executive Order 6102 making the private ownership of gold certificates , coins and bullion illegal, reducing the pressure on Federal Reserve gold. British economist John Maynard Keynes argued in The General Theory of Employment, Interest and Money that lower aggregate expenditures in the economy contributed to
1450-608: A major arm of the lake. Proctor Creek forms the much older Lake Acworth , which in turn empties directly into Lake Allatoona under the Lake Acworth Drive ( Georgia 92 ) bridge. North Cobb is in the Coosa River basin. There are several high points in Cobb County. Despite the lack of a grid system of city blocks though the county, all street addresses have their numeric origin at the southwest corner of
1595-600: A modern industrial city handled shortages of money and resources. Often they updated strategies their mothers used when they were growing up in poor families. Cheap foods were used, such as soups, beans and noodles. They purchased the cheapest cuts of meat—sometimes even horse meat—and recycled the Sunday roast into sandwiches and soups. They sewed and patched clothing, traded with their neighbors for outgrown items, and made do with colder homes. New furniture and appliances were postponed until better days. Many women also worked outside
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#17327873051511740-402: A monetary contraction first-hand were forced to join the deflationary policy since higher interest rates in countries that performed a deflationary policy led to a gold outflow in countries with lower interest rates. Under the gold standard's price–specie flow mechanism , countries that lost gold but nevertheless wanted to maintain the gold standard had to permit their money supply to decrease and
1885-519: A percent, in a September 2005 referendum . The revenue was to go to a new county courthouse , expanded jail, various transportation projects, and the purchasing of property for parks and green space. In 2008, the school tax was renewed for a third term, funding the Marietta and Cobb school systems . The Cobb County School District is Cobb County's largest employer, employing over 15,000 people. Private corporations include: Shopping centers in
2030-467: A preliminary analysis from Cobb County, the incorporation of Mableton would result in a net annual loss of $ 8 million from the city's budget after accounting for the services that the county would no longer provide for it. The referendum was the result of the General Assembly's passage of House Bill (HB-839), which set the boundaries of the city, established city council districts, and laid out
2175-507: A private school for early preschool children, is in the Providence neighborhood of Mableton. In the summer of 2010, more than a hundred residents, bureaucrats, politicians, architects, designers and traffic engineers spent a week designing a vision for a redeveloped downtown Mableton. It was then formalized by Duany Plater-Zyberk into a plan that was unanimously approved by Cobb County's Board of Commissioners in 2013. The establishment of
2320-538: A result of a flood overwhelming the city's sewer system. In November 2023, the city was reincorporated in an election. The mayor is the highest elected official in the city. The current mayor is Michael Owens , who was elected in the 2023 Mableton mayoral election . The public-use, general aviation Fulton County Airport (Brown Field) is adjacent to Mableton's southeast border with Fulton County. It includes two runways and handles approximately 65,000 operations annually. The Silver Comet Trail runs through Mableton. It
2465-567: A serious issue in the 1930s. Support for increasing welfare programs during the depression included a focus on women in the family. The Conseil Supérieur de la Natalité campaigned for provisions enacted in the Code de la Famille (1939) that increased state assistance to families with children and required employers to protect the jobs of fathers, even if they were immigrants. In rural and small-town areas, women expanded their operation of vegetable gardens to include as much food production as possible. In
2610-471: A seven-member board of education. In addition to the county sheriff, the constitutional chief law enforcement officer of the county, Cobb County has a separate police department under the authority of the Board of Commissioners. The sheriff oversees the jail , to which everyone arrested under state law is taken, regardless of the city or other area of the county where it happens, or which police department makes
2755-522: A sign displaying 'Mableton' upon completion of the station in honor of Robert. The first train from Atlanta arrived at the station just before Christmas. Shortly after, the post office was established on June 28, 1882. This replaced the post office in Bryantville, a former settlement about two miles (3.2 km) southeast. The arrival of the railroad allowed Mableton to act as a commercial hub for then-rural Cobb County. Cotton export flourished throughout
2900-480: A small 911 call center ( PSAP ) upstairs in Kennesaw city hall , dispatching the police departments in both cities, and forwarding fire calls to Cobb. Smyrna operates a separate PSAP while offering dispatch services to the city of Powder Springs. Austell operates its own separate 911 system. The county retails potable water to much of the county and wholesales it to various cities. The current County Manager
3045-480: A small cadre of Labour, but the vast majority of Labour leaders denounced MacDonald as a traitor for leading the new government. Britain went off the gold standard , and suffered relatively less than other major countries in the Great Depression. In the 1931 British election, the Labour Party was virtually destroyed, leaving MacDonald as prime minister for a largely Conservative coalition. In most countries of
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#17327873051513190-713: A standstill agreement froze Germany's foreign liabilities for six months. Germany received emergency funding from private banks in New York as well as the Bank of International Settlements and the Bank of England. The funding only slowed the process. Industrial failures began in Germany, a major bank closed in July and a two-day holiday for all German banks was declared. Business failures were more frequent in July, and spread to Romania and Hungary. The crisis continued to get worse in Germany, bringing political upheaval that finally led to
3335-410: A state grant for construction of a 2,500-seat amphitheater shortly after his appointment in 2000, fulfilling residents' desire dating back from the 1970s. The Mable House Barnes Amphitheater is a $ 7 million state and local investment and attracts numerous high-profile acts. Six Flags Over Georgia is located near Mableton's border with Austell, adjacent to I-20. The park is home to 11 roller coasters,
3480-411: Is 013067, for receiving targeted weather warnings from NOAA Weather Radio . The county is primarily within the broadcast range of one weather radio station: KEC80, on 162.550 MHz, transmitted to all of metro Atlanta and broadcast from NWSFO Peachtree City . The secondary station is the much newer WWH23 on 162.425 from Buchanan , which also transmits warnings for Cobb but has reception mainly in
3625-504: Is Jackie R. McMorris. From 1964 until 2012 , the county was a Republican stronghold in presidential elections. The only time during this period that the county supported a Democrat was in 1976 when native son Jimmy Carter swept every county in the state. Before 1960 , it was a " Solid South " Democratic county, except when Warren G. Harding came close to carrying it in 1920 , and when Herbert Hoover won it by nine points due to anti-Catholic voting against Al Smith in 1928 . In
3770-457: Is a county in the U.S. state of Georgia , and is a core county of the Atlanta metropolitan area in the north-central portion of the state. As of the 2020 Census, the population was 766,149. It is the state's third most populous county, after Fulton and Gwinnett counties. Its county seat is Marietta ; its largest city is Mableton . Along with several adjoining counties, Cobb County
3915-576: Is a 61.5 mile paved trail with a 2% grade, beginning in Smyrna and ending at the Georgia-Alabama state line near Cedartown, GA . Heritage Park is a smaller trail running along Nickajack Creek that ultimately connects to the Comet. A notable landmark is the ruins of a woolen mill built in the 1860s. The Historic Mableton Community Garden is located at 5178 Floyd Road. Governor Roy Barnes provided
4060-658: Is a consensus that the Federal Reserve System should have cut short the process of monetary deflation and banking collapse, by expanding the money supply and acting as lender of last resort . If they had done this, the economic downturn would have been far less severe and much shorter. Modern mainstream economists see the reasons in Insufficient spending, the money supply reduction, and debt on margin led to falling prices and further bankruptcies ( Irving Fisher 's debt deflation). The monetarist explanation
4205-483: Is believed that Marietta was named for his wife, Mary. Cobb County is included in the Atlanta metropolitan area and is situated immediately to the northwest of Atlanta's city limits. Its Cumberland District , an edge city , has over 24 million square feet (2,200,000 m ) of office space. Major League Baseball 's Atlanta Braves have played home games at Truist Park in Cumberland since 2017. In 2003,
4350-517: Is elected county-wide. The other four commissioners are elected from single-member districts. The board hires a county manager who oversees the day-to-day operations of the county's executive departments . County residents also elect a sheriff, district attorney, probate court judge, clerk of the superior court, clerk of the state court, state court solicitor, chief magistrate judge (who then appoints other magistrate court judges), superior court judges, state court judges, tax commissioner, surveyor, and
4495-569: Is land and 4.0 square miles (10 km ) (1.4%) is water. The county is located in the upper Piedmont region of the state, with a few mountains located within the county, considered to be part of the southernmost extensions of the Appalachian Mountains . The county is divided between two major basins . Most runoff flows into the Middle Chattahoochee - Lake Harding and Upper Chattahoochee River sub-basins of
Mableton, Georgia - Misplaced Pages Continue
4640-456: Is largely dated and rundown , with some businesses failing to adhere to building codes . Another company, Garner Group, is also redeveloping a nearly 40 year old strip mall along Floyd Road and East-West Connector into a mixed-use, pedestrian-friendly plaza. There will be 360 luxury apartments and 42 townhomes on the 60-acre site, with the entire development occupying about 720,000 square feet. Planning Commission Chair Galt Porter, proponent of
4785-493: Is supported by the contrast in how the crisis progressed in, e.g., Britain, Argentina and Brazil, all of which devalued their currencies early and returned to normal patterns of growth relatively rapidly and countries which stuck to the gold standard , such as France or Belgium. Frantic attempts by individual countries to shore up their economies through protectionist policies – such as the 1930 U.S. Smoot–Hawley Tariff Act and retaliatory tariffs in other countries – exacerbated
4930-766: Is the largest city in Cobb County in terms of population, with the new city incorporating about 47,000 residents. The city limits also include areas of unincorporated Smyrna and Austell. The City of Mableton was approved by the voters in a referendum on the General Election Ballot on November 8, 2022. Mableton was the only one of four proposed new cities in Metro Atlanta to be approved; the other three, East Cobb , Lost Mountain and Vinings , all failed to be incorporated as municipalities in referendums. In May 2022, Brentin Mock of Bloomberg News described
5075-539: The 1932 election , Hoover was defeated by Franklin D. Roosevelt , who from 1933 pursued a series of " New Deal " policies and programs to provide relief and create jobs, including the Civilian Conservation Corps , Federal Emergency Relief Administration , Tennessee Valley Authority , and Works Progress Administration . Historians disagree on the effects of the New Deal, with some claiming that
5220-518: The ACF River Basin (Apalachicola-Chattahoochee-Flint River Basin) along the southeastern border, directly via Willeo Creek , Sope Creek (Sewell Creek), Rottenwood Creek (Powers Creek, Poorhouse Creek, Poplar Creek), Nickajack Creek and others. The large Sweetwater Creek is the other major stream, carrying the waters of Noses Creek (Ward Creek, Olley Creek, Mud Creek), Powder Springs Creek (Rakestraw Creek, Mill Creek) and others into
5365-725: The American Civil War , some Confederate troops were trained at a camp in Big Shanty (now Kennesaw), where the Andrews Raid occurred, starting the Great Locomotive Chase . There were battles of New Hope Church May 25, 1864, Pickett's Mill May 27, and Dallas May 28. These were followed by the prolonged series of battles through most of June 1864 until very early July: the Battle of Marietta and
5510-476: The Battle of Noonday Creek . The Battle of Allatoona Pass on October 5, 1864, occurred as Sherman was starting his march through Georgia . Union forces burnt most houses and confiscated or burnt crops. The Battle of Kennesaw Mountain on June 27, 1864, was the site of the only major Confederate victory in General William T. Sherman 's invasion of Georgia. Despite the victory, Union forces outflanked
5655-539: The C-130 Hercules and the C-5 Galaxy . "In Cobb County and other sprawling Cold War suburbs from Orange County to Norfolk / Hampton Roads , the direct link between federal defense spending and local economic prosperity structured a bipartisan political culture of hawkish conservatism and material self-interest on issues of national security." When county home rule was enacted statewide by amendment to
5800-631: The Georgia Land Lottery of 1832 . Mable was a millwright and farmer who grew cotton, corn, potatoes, and sorghum in the area; he owned between 11 and 48 slaves by 1860. According to oral interviews, Mable was a "fair and kind" enslaver who educated slave children alongside his own, and eventually also liberated his slaves before any government mandate ordered him to. The Robert Mable House and Cemetery , located off U.S. 78 on Floyd Road just north of Clay Road, now includes an amphitheater which hosts public events. More white settlers moved into
5945-465: The Georgia state constitution in the early 1960s, Ernest W. Barrett became the first chairman of the new county commission . The county courthouse , built in 1888, was demolished, spurring a law that now prevents counties from doing so without a referendum . In the 1960s and 1970s, Cobb transformed from rural to suburban , as integration spurred white flight from the city of Atlanta, which by 1970
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6090-582: The New York Bank of United States – which produced panic and widespread runs on local banks, and the Federal Reserve sat idly by while banks collapsed. Friedman and Schwartz argued that, if the Fed had provided emergency lending to these key banks, or simply bought government bonds on the open market to provide liquidity and increase the quantity of money after the key banks fell, all the rest of
6235-534: The Olympic Torch Relay . The county's inns were nevertheless filled at 100% of capacity for two months during the event. In the 1990s and 2000s, Cobb's demographics changed. As Atlanta's gentrification reversed decades of white flight, middle-class African-Americans and Russian, Bosnian, Chinese, Indian, Brazilian, Mexican, and Central American immigrants moved to older suburbs in south and southwest Cobb. In 2010, African-American Democrat David Scott
6380-653: The Rockefellers and the Soviet Union to impose "socialist-one-world-government" and co-founded the Western Goals Foundation . In 1983, McDonald died aboard Korean Air Lines Flight 007 , shot down by a Soviet fighter jet over restricted airspace. I-75 through the county is now named for him. In 1990, Republican Congressmen Newt Gingrich became Representative of a new district centered around Cobb County. In 1994, as Republicans took control of
6525-740: The Union defeat at Kennesaw . Gresham replenished his troops' supplies and received medical care at Robert Mable's house, and camped for the night before advancing to Atlanta. The house was spared from the carnage of Sherman's March to the Sea . The Georgia Pacific Railway (later absorbed by Southern Railway and today known as the Norfolk Southern Railway ) opened a railroad station in Mableton in December 1881. The chief engineer erected
6670-539: The coming to power of Hitler's Nazi regime in January 1933. The world financial crisis now began to overwhelm Britain; investors around the world started withdrawing their gold from London at the rate of £2.5 million per day. Credits of £25 million each from the Bank of France and the Federal Reserve Bank of New York and an issue of £15 million fiduciary note slowed, but did not reverse,
6815-490: The exurban exchanges (including Canton) were fully made a part of what was already the world's largest toll-free calling zone. It is a zone spanning 7,162 square miles (18,549 km ), with four active telephone area codes , and local calling extending into portions of two others. Cobb's FIPS county code is 13067. Because the National Weather Service has not subdivided the county, its WRSAME code
6960-537: The first "floorless" freefall tower ride in the world , and a fully-functional carousel from 1908 listed in the National Register of Historic Places . The Cobb County School District operates several public schools in the area: The Georgia Japanese Language School (GJLS; ジョージア日本語学校 Jōjia Nihongo Gakkō ), a part-time supplementary Japanese school , holds its classes at the former Lindley 6th Grade Academy (now Betty Gray Middle School) in Mableton; Lindley
7105-474: The stock market , which resulted in growing wealth inequality . Banks were subject to minimal regulation under laissez-faire economic policies, resulting in loose lending and widespread debt. By 1929, declining spending had led to reductions in manufacturing output and rising unemployment . Share values continued to rise until the Wall Street crash, after which the slide continued for three years, which
7250-543: The town square in Marietta. Originally in area code 404 , the county was moved into area code 770 in 1995, and overlaid by area code 678 in 1998. Before 1995, those with phones tied to the Woodstock telephone exchange (prefixes 924, 926, 928, later 516 and 591) could also call the Canton exchange (479, later 445, then 704) as a local call. This became moot, along with other dual-zone exchanges in metro Atlanta, when
7395-524: The 16th and 19th centuries, most of the land in present-day southern Cobb County belonged to the Cherokee and Creek . Two Native American villages were established near the area that will later become known as Mableton - the settlements of Sweet Water Town and Nickajack. Both tribes coinhabited the area peacefully, with one legend claiming that eventual ownership of the area by the Cherokee was settled via
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#17327873051517540-447: The 1937 recession that interrupted it). The common view among most economists is that Roosevelt's New Deal policies either caused or accelerated the recovery, although his policies were never aggressive enough to bring the economy completely out of recession. Some economists have also called attention to the positive effects from expectations of reflation and rising nominal interest rates that Roosevelt's words and actions portended. It
7685-813: The British crisis. The financial crisis now caused a major political crisis in Britain in August 1931. With deficits mounting, the bankers demanded a balanced budget; the divided cabinet of Prime Minister Ramsay MacDonald's Labour government agreed; it proposed to raise taxes, cut spending, and most controversially, to cut unemployment benefits 20%. The attack on welfare was unacceptable to the Labour movement. MacDonald wanted to resign, but King George V insisted he remain and form an all-party coalition " National Government ". The Conservative and Liberals parties signed on, along with
7830-619: The Chattahoochee. A ridge from Lost Mountain in the west, to Kennesaw Mountain in the north-central, to Sweat Mountain in the extreme northeast, divides the far north-northwest of the county into the Etowah River sub-basin of the ACT River Basin (Coosa-Tallapoosa River Basin), which includes Lake Allatoona . Noonday Creek (Little Noonday Creek) flows northward into the lake, as does Allatoona Creek , which forms
7975-600: The Confederates. In 1915, Leo Frank , the Jewish supervisor of an Atlanta pencil factory who was convicted of murdering one of his workers, thirteen-year-old Mary Phagan, was kidnapped from his jail cell and brought to Frey's Gin, two miles (3.2 km) east of Marietta, where he was lynched. Cotton farming in the area peaked from the 1890s through the 1920s. Low prices during the Great Depression resulted in
8120-530: The Depression. Businessmen ignored the mounting national debt and heavy new taxes, redoubling their efforts for greater output to take advantage of generous government contracts. During World War I many countries suspended their gold standard in varying ways. There was high inflation from WWI, and in the 1920s in the Weimar Republic , Austria , and throughout Europe. In the late 1920s there
8265-521: The Dow returning to 294 (pre-depression levels) in April 1930, before steadily declining for years, to a low of 41 in 1932. At the beginning, governments and businesses spent more in the first half of 1930 than in the corresponding period of the previous year. On the other hand, consumers, many of whom suffered severe losses in the stock market the previous year, cut expenditures by 10%. In addition, beginning in
8410-489: The Federal Reserve did not act to limit the decline of the money supply was the gold standard . At that time, the amount of credit the Federal Reserve could issue was limited by the Federal Reserve Act , which required 40% gold backing of Federal Reserve Notes issued. By the late 1920s, the Federal Reserve had almost hit the limit of allowable credit that could be backed by the gold in its possession. This credit
8555-442: The Great Depression is right, or the traditional Keynesian explanation that a fall in autonomous spending, particularly investment, is the primary explanation for the onset of the Great Depression. Today there is also significant academic support for the debt deflation theory and the expectations hypothesis that – building on the monetary explanation of Milton Friedman and Anna Schwartz – add non-monetary explanations. There
8700-642: The Great Depression. According to the U.S. Senate website, the Smoot–Hawley Tariff Act is among the most catastrophic acts in congressional history. Many economists have argued that the sharp decline in international trade after 1930 helped to worsen the depression, especially for countries significantly dependent on foreign trade. Most historians and economists blame the Act for worsening the depression by seriously reducing international trade and causing retaliatory tariffs in other countries. While foreign trade
8845-481: The New Deal prolonged the Great Depression, as they argue that National Industrial Recovery Act of 1933 and National Labor Relations Act of 1935 restricted competition and established price fixing. John Maynard Keynes did not think that the New Deal under Roosevelt single-handedly ended the Great Depression: "It is, it seems, politically impossible for a capitalistic democracy to organize expenditure on
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#17327873051518990-544: The U.K. economy, which experienced an economic downturn throughout most of the late 1920s, was less severely impacted by the shock of the depression than the U.S. By contrast, the German economy saw a similar decline in industrial output as that observed in the U.S. Some economic historians attribute the differences in the rates of recovery and relative severity of the economic decline to whether particular countries had been able to effectively devaluate their currencies or not. This
9135-550: The U.S. Census Bureau ranked Cobb County as the most educated in the state of Georgia and 12th-most in the United States. It has ranked among the top 100 highest-income counties in the United States. In October 2017, Cobb was ranked as the "Least Obese County in Georgia." Cobb County is one of the fastest growing counties in Georgia according to the 2020 US Census. Cobb County was one of nine Georgia counties carved out of
9280-508: The U.S. House of Representatives for the first time in almost fifty years, Gingrich became Speaker of the House , thrusting Cobb County into the national spotlight. In 1993, county commissioners passed a resolution condemning homosexuality and cutting off funding for the arts after complaints about a community theater. After protests from gay rights organizations, organizers of the 1996 Summer Olympics pulled events out of Cobb County, including
9425-490: The U.S. unemployment rate down below 10%. World War II had a dramatic effect on many parts of the American economy. Government-financed capital spending accounted for only 5% of the annual U.S. investment in industrial capital in 1940; by 1943, the government accounted for 67% of U.S. capital investment. The massive war spending doubled economic growth rates, either masking the effects of the Depression or essentially ending
9570-622: The United States, agricultural organizations sponsored programs to teach housewives how to optimize their gardens and to raise poultry for meat and eggs. Rural women made feed sack dresses and other items for themselves and their families and homes from feed sacks. In American cities, African American women quiltmakers enlarged their activities, promoted collaboration, and trained neophytes. Quilts were created for practical use from various inexpensive materials and increased social interaction for women and promoted camaraderie and personal fulfillment. Oral history provides evidence for how housewives in
9715-543: The United States, remained on the gold standard into 1932 or 1933, while a few countries in the so-called "gold bloc", led by France and including Poland, Belgium and Switzerland, stayed on the standard until 1935–36. According to later analysis, the earliness with which a country left the gold standard reliably predicted its economic recovery. For example, The UK and Scandinavia, which left the gold standard in 1931, recovered much earlier than France and Belgium, which remained on gold much longer. Countries such as China, which had
9860-407: The age of 18 living with them, 50.2% were married couples living together, 13.0% had a female householder with no husband present, 32.6% were non-families, and 25.6% of all households were made up of individuals. The average household size was 2.61 and the average family size was 3.17. The median age was 35.4 years. The median income for a household in the county was $ 65,522 and the median income for
10005-475: The age of 18 living with them, 53.5% were married couples living together, 14.5% had a female householder with no husband present, and 26.9% were non-families. 21.2% of all households were made up of individuals, and 6.7% had someone living alone who was 65 years of age or older. The average household size was 2.72 and the average family size was 3.12. Mableton, Georgia was incorporated as a city on August 19, 1912, before being disincorporated on August 17, 1916 as
10150-402: The age of 18 living with them, 54.30% were married couples living together, 10.70% had a female householder with no husband present, and 31.20% were non-families. 23.20% of all households were made up of individuals, and 4.10% had someone living alone who was 65 years of age or older. The average household size was 2.71 and the average family size was 3.25. In the county, 26.10% of the population
10295-484: The arrest. Each city has a separate police department, answerable to its governing council. Marietta, Smyrna, and Austell have separate fire departments , with the Cobb County Fire Department being the authority having jurisdiction over Kennesaw, Acworth, Powder Springs, and unincorporated areas. Cobb 911 covers unincorporated areas and the city of Marietta. Kennesaw and Acworth jointly operate
10440-460: The banks would not have fallen after the large ones did, and the money supply would not have fallen as far and as fast as it did. With significantly less money to go around, businesses could not get new loans and could not even get their old loans renewed, forcing many to stop investing. This interpretation blames the Federal Reserve for inaction, especially the New York branch . One reason why
10585-465: The behavior of housewives. The common view among economic historians is that the Great Depression ended with the advent of World War II . Many economists believe that government spending on the war caused or at least accelerated recovery from the Great Depression, though some consider that it did not play a very large role in the recovery, though it did help in reducing unemployment. The rearmament policies leading up to World War II helped stimulate
10730-592: The census-designated area Mableton had a population of 37,115; the city has more. Upon Brookhaven 's cityhood in December 2012, Mableton was previously the largest unincorporated CDP in Metro Atlanta . With boundaries described in Appendix A of House Bill 839, Mableton is the largest city in Cobb County in terms of population and includes historical Mableton, along with the Six Flags area, areas of unincorporated Smyrna, and parts of unincorporated South Cobb. Between
10875-437: The cessation of cotton farming throughout Cobb County. The price of cotton went from 16¢ per pound (35¢/kg) in 1920 to 9½¢ (21¢/kg) in 1930. This resulted in a cotton bust for the county, which had stopped growing the product but was milling it. This bust was followed by the Great Depression . To help combat the bust, the state started work on a road in 1922 that would later become U.S. 41 , later replaced by Cobb Parkway in
11020-541: The city movement in Metro Atlanta as being "defeated". Though Mock reported that Mableton was different as it was the only one out of the four to have a majority non-white population and is assembling around "principles of diversity, affordability and inclusive voting rights". Politically, Mableton is in Cobb County whose board of commissioners was majority white and Republican for most of its history, until 2020 when it became majority black and Democrat. According to
11165-488: The city of Atlanta , and approximately 20 miles from Hartsfield-Jackson Atlanta International Airport . Mableton appeared as an unincorporated place in the 1960 U.S. Census . It was not listed in the 1970 U.S. Census . It was listed as a census designated place in the 1980 U.S. Census . As of the census of 2000 , there were 11,339 housing units at an average density of 550.8 per square mile (212.7/km). There were 10,894 households, out of which 34.9% had children under
11310-462: The collapse in global trade, contributing to the depression. By 1933, the economic decline pushed world trade to one third of its level compared to four years earlier. While the precise causes for the occurrence of the Great depression are disputed and can be traced to both global and national phenomena, its immediate origins are most conveniently examined in the context of the U.S. economy, from which
11455-434: The county from the 1890s until the Great Depression . On August 19, 1912, Mableton was incorporated as a town but was disincorporated on August 17, 1916. In that year, the town suffered from a heavy flood that overwhelmed its sewer system, resulting in an unexpected tax burden being placed upon the residents for repairs. But after locals successfully demanded that a tax on storm drains be shared by all of Cobb County instead,
11600-635: The county include: The Consulate-General of Costa Rica in Atlanta is located in Suite 100 at 1870 The Exchange in an unincorporated section of Cobb County. Until 1971, the Louisville & Nashville Railroad , running on tracks now owned by CSX, operated passenger trains through Marietta depot . Cobb County is not part of the MARTA Rail network, because its voters rejected MARTA development in
11745-405: The county system. Under Georgia's home rule provision, county governments have free rein to legislate on all matters within the county, provided that such legislation does not conflict with state or federal laws or constitutions. Cobb County is governed by a five-member board of commissioners , which has both legislative and executive authority within the county. The chairman of the board
11890-419: The county was 62.21% white, 24.96% black or African American, 4.46% Asian, 0.34% American Indian, 0.1% Pacific Islander, 5.28% from other races, and 2.71% from two or more races. Those of Hispanic or Latino origin made up 12.26% of the population. Regarding specific ethnic origins, 10.4% cited German, 10.0% English, 9.3% Irish, and 8.6% American ancestry. Of the 260,056 households, 36.7% had children under
12035-475: The crash was a mere symptom of more general economic trends of the time, which had already been underway in the late 1920s. A contrasting set of views, which rose to prominence in the later part of the 20th century, ascribes a more prominent role to failures of monetary policy . According to those authors, while general economic trends can explain the emergence of the downturn, they fail to account for its severity and longevity; they argue that these were caused by
12180-625: The crisis, the U.S. Congress passed the Smoot–Hawley Tariff Act on 17 June 1930. The Act was ostensibly aimed at protecting the American economy from foreign competition by imposing high tariffs on foreign imports. The consensus view among economists and economic historians (including Keynesians , Monetarists and Austrian economists ) is that the passage of the Smoot–Hawley Tariff had, in fact, achieved an opposite effect to what
12325-633: The decade. The Depression had devastating economic effects on both wealthy and poor countries: all experienced drops in personal income , prices ( deflation ), tax revenues, and profits. International trade fell by more than 50%, and unemployment in some countries rose as high as 33%. Cities around the world , especially those dependent on heavy industry , were heavily affected. Construction virtually halted in many countries, and farming communities and rural areas suffered as crop prices fell by up to 60%. Faced with plummeting demand and few job alternatives, areas dependent on primary sector industries suffered
12470-408: The depression. Not all governments enforced the same measures of protectionism. Some countries raised tariffs drastically and enforced severe restrictions on foreign exchange transactions, while other countries reduced "trade and exchange restrictions only marginally": The gold standard was the primary transmission mechanism of the Great Depression. Even countries that did not face bank failures and
12615-608: The disputed territory of the Cherokee Nation in 1832. It was the 81st county in Georgia and named for Judge Thomas Willis Cobb , who served as a U.S. Senator, state representative, and superior court judge. It is believed that the county seat of Marietta was named for Judge Cobb's wife, Mary. The state started acquiring right-of-way for the Western & Atlantic Railroad in 1836. A train began running between Marietta and Marthasville (modern-day Atlanta) in 1845. During
12760-435: The domestic price level to decline ( deflation ). There is also consensus that protectionist policies, and primarily the passage of the Smoot–Hawley Tariff Act , helped to exacerbate, or even cause the Great Depression. Some economic studies have indicated that the rigidities of the gold standard not only spread the downturn worldwide, but also suspended gold convertibility (devaluing the currency in gold terms) that did
12905-402: The drop in demand. Monetarists believe that the Great Depression started as an ordinary recession, but the shrinking of the money supply greatly exacerbated the economic situation, causing a recession to descend into the Great Depression. Economists and economic historians are almost evenly split as to whether the traditional monetary explanation that monetary forces were the primary cause of
13050-427: The economies of Europe in 1937–1939. By 1937, unemployment in Britain had fallen to 1.5 million. The mobilization of manpower following the outbreak of war in 1939 ended unemployment. The American mobilization for World War II at the end of 1941 moved approximately ten million people out of the civilian labor force and into the war. This finally eliminated the last effects from the Great Depression and brought
13195-576: The end of the month. A large sell-off of stocks began in mid-October. Finally, on 24 October, Black Thursday , the American stock market crashed 11% at the opening bell. Actions to stabilize the market failed, and on 28 October, Black Monday, the market crashed another 12%. The panic peaked the next day on Black Tuesday, when the market saw another 11% drop. Thousands of investors were ruined, and billions of dollars had been lost; many stocks could not be sold at any price. The market recovered 12% on Wednesday but by then significant damage had been done. Though
13340-500: The explanations of the Keynesians and monetarists. The consensus among demand-driven theories is that a large-scale loss of confidence led to a sudden reduction in consumption and investment spending. Once panic and deflation set in, many people believed they could avoid further losses by keeping clear of the markets. Holding money became profitable as prices dropped lower and a given amount of money bought ever more goods, exacerbating
13485-503: The few women in the labor force, layoffs were less common in the white-collar jobs and they were typically found in light manufacturing work. However, there was a widespread demand to limit families to one paid job, so that wives might lose employment if their husband was employed. Across Britain, there was a tendency for married women to join the labor force, competing for part-time jobs especially. In France, very slow population growth, especially in comparison to Germany continued to be
13630-410: The first mayor of Mableton, Georgia in over 100 years. Despite the runoff election being described as historic, only 6,113 votes were cast and voter turnout remained low at 12.9% of 47,200 registered voters. Mableton is located at 33°49′06″N 84°34′34″W / 33.81833°N 84.57611°W / 33.81833; -84.57611 (33.818333, -84.576111). The Chattahoochee River acts as
13775-518: The first non-Georgian Democrat since John F. Kennedy in 1960. The county then supported Joe Biden in 2020 by 14 points–the best showing for a Democrat since Kennedy in 1960. This was crucial to Biden winning the state for the Democrats for the first time since 1992 . In 2018 , Stacey Abrams became the first Democrat to win Cobb County in a gubernatorial election since 1986 , when Joe Frank Harris swept every county statewide. In 2020, in
13920-505: The first week of June, 540 million in the second, and 150 million in two days, 19–20 June. Collapse was at hand. U.S. President Herbert Hoover called for a moratorium on payment of war reparations . This angered Paris, which depended on a steady flow of German payments, but it slowed the crisis down, and the moratorium was agreed to in July 1931. An International conference in London later in July produced no agreements but on 19 August
14065-606: The government tried to reshape private household consumption under the Four-Year Plan of 1936 to achieve German economic self-sufficiency. The Nazi women's organizations, other propaganda agencies and the authorities all attempted to shape such consumption as economic self-sufficiency was needed to prepare for and to sustain the coming war. The organizations, propaganda agencies and authorities employed slogans that called up traditional values of thrift and healthy living. However, these efforts were only partly successful in changing
14210-519: The home, or took boarders, did laundry for trade or cash, and did sewing for neighbors in exchange for something they could offer. Extended families used mutual aid—extra food, spare rooms, repair-work, cash loans—to help cousins and in-laws. In Japan, official government policy was deflationary and the opposite of Keynesian spending. Consequently, the government launched a campaign across the country to induce households to reduce their consumption, focusing attention on spending by housewives. In Germany,
14355-527: The initial crisis spread to the rest of the world. In the aftermath of World War I , the Roaring Twenties brought considerable wealth to the United States and Western Europe. Initially, the year 1929 dawned with good economic prospects: despite a minor crash on 25 March 1929, the market seemed to gradually improve through September. Stock prices began to slump in September, and were volatile at
14500-563: The lack of an adequate response to the crises of liquidity that followed the initial economic shock of 1929 and the subsequent bank failures accompanied by a general collapse of the financial markets. After the Wall Street Crash of 1929 , when the Dow Jones Industrial Average dropped from 381 to 198 over the course of two months, optimism persisted for some time. The stock market rose in early 1930, with
14645-434: The largest city in Cobb County, surpassing the county seat of Marietta , and would have ultimately disrupted Mableton's cityhood efforts. Following the 2022 midterm elections , a referendum on cityhood was passed, with 13,162 in favor of Mableton's cityhood and 11,675 rejecting it. The majority of no votes were concentrated in the north of Mableton, where household income is higher. Human resources director Mark Sette said it
14790-610: The late 1940s and early 1950s. In 1942, Bell Aircraft opened a Marietta plant to manufacture B-29 bombers and Marietta Army Airfield was founded. Both were closed after World War II but reopened during the Korean War when the Air Force acquired the airfield, renamed Dobbins AFB, and the plant by Lockheed . During the Korean and Vietnam Wars , Lockheed Marietta was the leading manufacturer of military transport planes, including
14935-471: The late 20th century, the county developed a reputation as a conservative stronghold. However, due to rapid racial and ethnic demographic changes since the 1990s, along with population growth coming from blue northern states, the county has increasingly supported the Democratic Party. In 2016 , when Hillary Clinton became the first Democrat to win Cobb County since Jimmy Carter in 1976 , and
15080-433: The list. The Board's attorney stated there was no probable cause and gave reasons. After a brief discussion, the board voted unanimously to deny the challenge. In addition to the 4% statewide sales tax , Cobb County levies an additional 2% for special projects, each 1% subject to separate renewal every few years by countywide referendum (including within its cities). This funds mainly transportation and parks. Cobb levies
15225-465: The market entered a period of recovery from 14 November until 17 April 1930, the general situation had been a prolonged slump. From 17 April 1930 until 8 July 1932, the market continued to lose 89% of its value. Despite the crash, the worst of the crisis did not reverberate around the world until after 1929. The crisis hit panic levels again in December 1930, with a bank run on the Bank of United States ,
15370-414: The mid-1930s, a severe drought ravaged the agricultural heartland of the U.S. Interest rates dropped to low levels by mid-1930, but expected deflation and the continuing reluctance of people to borrow meant that consumer spending and investment remained low. By May 1930, automobile sales declined to below the levels of 1928. Prices, in general, began to decline, although wages held steady in 1930. Then
15515-423: The monetary base and by not injecting liquidity into the banking system to prevent it from crumbling, the Federal Reserve passively watched the transformation of a normal recession into the Great Depression. Friedman and Schwartz argued that the downward turn in the economy, starting with the stock market crash, would merely have been an ordinary recession if the Federal Reserve had taken aggressive action. This view
15660-502: The most to make recovery possible. Every major currency left the gold standard during the Great Depression. The UK was the first to do so. Facing speculative attacks on the pound and depleting gold reserves , in September 1931 the Bank of England ceased exchanging pound notes for gold and the pound was floated on foreign exchange markets. Japan and the Scandinavian countries followed in 1931. Other countries, such as Italy and
15805-427: The most. The outbreak of World War II in 1939 ended the Depression, as it stimulated factory production, providing jobs for women as militaries absorbed large numbers of young, unemployed men. The precise causes for the Great Depression are disputed. One set of historians, for example, focuses on non-monetary economic causes. Among these, some regard the Wall Street crash itself as the main cause; others consider that
15950-582: The need to balance the national budget and was unwilling to implement expensive welfare spending . In 1930, Hoover signed the Smoot–Hawley Tariff Act , which taxed imports with the intention of encouraging buyers to purchase American products, which worsened the Depression because foreign governments retaliated with tariffs on American exports. In 1932, Hoover established the Reconstruction Finance Corporation , which offered loans to businesses and support to local governments. In
16095-637: The new Mableton Town Center (MTC) is part of the county's 2040 Comprehensive Plan. As of late 2020, Embry Development Company is in talks with the Cobb County Board of Commissioners to begin construction of a 31-acre mixed-use commercial/residential plaza at Mableton Parkway and Old Powder Springs Road. The development calls for 81 town homes, 46 "courtyard cottage" style houses, 21 detached single-family homes, and 13,500 square feet of retail and restaurant space. The particular area, in addition to establishments along Veterans Memorial Highway (U.S. 78),
16240-447: The northern edge of Mableton by Nickajack Creek , near Smyrna, in the mid-1800s. They formed a community initially known as Mill Grove and later Nickajack. The creek provided ample power to run grist, saw, cotton, and woolen mills. A covered bridge , originally built c. 1848–1850, traverses the stream and is now part of a historical district . It is one of the few remaining covered bridges in Georgia, and still highly active today after it
16385-494: The people involved in the de-annexation effort but stated that if the de-annexation efforts do not pass, Mableton needed someone that could "bring the city together". State representative David Wilkerson submitted two de-annexation bills that would have allowed some areas to de-annex from Mableton but both failed in the Georgia General Assembly . A compromise bill in response to the bills submitted by Wilkerson
16530-483: The physical volume of exports fall, but also the prices fell by about 1 ⁄ 3 as written. Hardest hit were farm commodities such as wheat, cotton, tobacco, and lumber. Governments around the world took various steps into spending less money on foreign goods such as: "imposing tariffs, import quotas, and exchange controls". These restrictions triggered much tension among countries that had large amounts of bilateral trade, causing major export-import reductions during
16675-454: The plan, stated of the recent growth in the area: "It's probably been 15 to 20 years since there's been a market rate development of apartments anywhere close to this...you have to go to Smyrna to get something, or you have to go out all the way into Powder Springs to get something. There's just nothing in this area." The project was approved by the Cobb County Board of Commissioners on October 21, 2020. Cobb County, Georgia Cobb County
16820-480: The policies prolonged the Depression instead of shortening it. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%; in the U.S., the Depression resulted in a 30% contraction in GDP. Recovery varied greatly around the world. Some economies, such as the U.S., Germany and Japan started to recover by the mid-1930s; others, like France, did not return to pre-shock growth rates until later in
16965-459: The political situation in Europe. In their book, A Monetary History of the United States , Milton Friedman and Anna J. Schwartz also attributed the recovery to monetary factors, and contended that it was much slowed by poor management of money by the Federal Reserve System . Chairman of the Federal Reserve (2006–2014) Ben Bernanke agreed that monetary factors played important roles both in
17110-543: The poverty line, including 9.1% of those under age 18 and 7.8% of those age 65 or over. School districts include: Cobb County maintains the Cobb County Public Library System . The libraries provide resources such as books, videos, internet access, printing, and computer classes. The libraries in the CCPLS are: The Smyrna Public Library is a city-owned library in Smyrna and is not part of
17255-483: The powers of the Mayor and Council. The law also established March 21, 2023, as the date for a special election for the first council members and mayor of Mableton . Michael Owens stated that he was not against de-annexation but that his focus was on the majority of Mableton residents who wish to be in the city. LaTonia Long and Michael Murphy both opposed de-annexation. Mayoral candidate Aaron Carman said that he supported
17400-434: The scale necessary to make the grand experiments which would prove my case—except in war conditions." According to Christina Romer , the money supply growth caused by huge international gold inflows was a crucial source of the recovery of the United States economy, and that the economy showed little sign of self-correction. The gold inflows were partly due to devaluation of the U.S. dollar and partly due to deterioration of
17545-501: The southeast border, separating Cobb County from west Fulton County — where the historic African-American neighborhood of Collier Heights and the former site of the Bankhead Courts housing project are nearby. Two suburban cities directly border Mableton: Austell in the west and Smyrna in the north. Lithia Springs , an unincorporated community, is directly southwest. Mableton is approximately 15 miles west-northwest from
17690-666: The town's charter was revoked and Mableton was disincorporated. Homer A. Glore , a medical doctor served as the first mayor of Mableton . In 2020, a local initiative known as the South Cobb Alliance fostered a debate for cityhood. A feasibility study conducted by the Carl Vinson Institute of Government stated that the potential city would generate $ 11.3 million in operating expenses and $ 14.6 million in revenue. Alternatively, nearby Smyrna considered annexing parts of Mableton. This move would have made Smyrna
17835-524: The turmoil surrounding the election defeat of Donald Trump , the chairman of the Cobb County Republicans and another person challenged the election results in an attempt to remove 16,024 Cobb County voters from eligibility to vote in the runoff election for both Georgia senators, scheduled for January 5, 2021. The county Board of Elections held a hearing to decide whether there was probable cause to move forward with hearings for each name on
17980-505: The western part of the county. As of the 2020 United States census , there were 766,149 people, 286,952 households, and 191,533 families residing in the county. As of the 2010 United States Census , there were 688,078 people, 260,056 households, and 175,357 families residing in the county. The population density was 2,026.4 inhabitants per square mile (782.4/km ). There were 286,490 housing units at an average density of 843.7 per square mile (325.8/km ). The racial makeup of
18125-476: The world, recovery from the Great Depression began in 1933. In the U.S., recovery began in early 1933, but the U.S. did not return to 1929 GNP for over a decade and still had an unemployment rate of about 15% in 1940, albeit down from the high of 25% in 1933. There is no consensus among economists regarding the motive force for the U.S. economic expansion that continued through most of the Roosevelt years (and
18270-673: The world. The financial crisis escalated out of control in mid-1931, starting with the collapse of the Credit Anstalt in Vienna in May. This put heavy pressure on Germany, which was already in political turmoil. With the rise in violence of National Socialist ('Nazi') and Communist movements, as well as investor nervousness at harsh government financial policies, investors withdrew their short-term money from Germany as confidence spiraled downward. The Reichsbank lost 150 million marks in
18415-493: The world. The economic contagion began in 1929 in the United States , the largest economy in the world, with the devastating Wall Street stock market crash of October 1929 often considered the beginning of the Depression. The Depression was preceded by a period of industrial growth and social development known as the " Roaring Twenties ". Much of the profit generated by the boom was invested in speculation , such as on
18560-778: The worldwide economic decline and eventual recovery. Bernanke also saw a strong role for institutional factors, particularly the rebuilding and restructuring of the financial system, and pointed out that the Depression should be examined in an international perspective. Women's primary role was as housewives; without a steady flow of family income, their work became much harder in dealing with food and clothing and medical care. Birthrates fell everywhere, as children were postponed until families could financially support them. The average birthrate for 14 major countries fell 12% from 19.3 births per thousand population in 1930, to 17.0 in 1935. In Canada, half of Roman Catholic women defied Church teachings and used contraception to postpone births. Among
18705-472: Was 1,998 inhabitants per square mile (771/km ). There were 261,659 housing units at an average density of 770 per square mile (300/km ). The racial makeup of the county in 2000 was 72.4% White , 18.8% Black , 0.3% Native American , 3.06% Asian , 0.0% Pacific Islander , 5.3% from other races , and 1.87% from two or more races. 7.73% of the population was Hispanic or Latino of any race. There were 248,303 households, out of which 35.80% had children under
18850-433: Was a "power grab" to annex unincorporated areas of north Mableton to "pay for all of the projects that they want down there [in south Mableton]". Thousands of people signed a petition to de-annex areas that voted no from the city. Mableton was different in that the supporters of de-annexation were multi-racial and multi-generational while organizers of similar secession movements tended to be mainly older white residents. It
18995-658: Was a scramble to deflate prices to get the gold standard's conversation rates back on track to pre-WWI levels, by causing deflation and high unemployment through monetary policy. In 1933 FDR signed Executive Order 6102 and in 1934 signed the Gold Reserve Act . The two classic competing economic theories of the Great Depression are the Keynesian (demand-driven) and the Monetarist explanation. There are also various heterodox theories that downplay or reject
19140-478: Was a small part of overall economic activity in the U.S. and was concentrated in a few businesses like farming, it was a much larger factor in many other countries. The average ad valorem (value based) rate of duties on dutiable imports for 1921–1925 was 25.9% but under the new tariff it jumped to 50% during 1931–1935. In dollar terms, American exports declined over the next four years from about $ 5.2 billion in 1929 to $ 1.7 billion in 1933; so, not only did
19285-500: Was accompanied by a loss of confidence in the financial system. By 1933, the U.S. unemployment rate had risen to 25 percent, about one-third of farmers had lost their land, and about half of the country's 25,000 banks had gone out of business. Many people, unable to pay mortgages or rent, became homeless and relied on begging or charities to feed themselves. The U.S. federal government initially did little to help. President Herbert Hoover , like many of his fellow Republicans , believed in
19430-456: Was drafted by state representatives Terry Cummings and Michael Smith but this also failed as it was not published in time. The 2023 Mableton mayoral election took place on March 21, 2023 in Mableton, with a runoff held on April 18, 2023 as no candidate got 50% of the vote in the general election. Aaron Carman gained the most votes in the first round but lost the runoff to former Cobb County Democratic Committee chair Michael Owens who became
19575-463: Was elected to Georgia's 13th congressional district , which included many of those suburbs. Cobb became the first Georgia county to participate in the Immigration and Nationality Act Section 287(g) enabling local law officers to enforce immigration law. According to the U.S. Census Bureau , the county has a total area of 345 square miles (890 km ), of which 340 square miles (880 km )
19720-474: Was endorsed in 2002 by Federal Reserve Governor Ben Bernanke in a speech honoring Friedman and Schwartz with this statement: Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression, you're right. We did it. We're very sorry. But thanks to you, we won't do it again. The Federal Reserve allowed some large public bank failures – particularly that of
19865-552: Was established on December 3, 1832, by the Georgia General Assembly from the large Cherokee County territory—land northwest of the Chattahoochee River which the state acquired from the Cherokee Nation and redistributed to settlers via lottery , following the passage of the federal Indian Removal Act . The county was named for Thomas Willis Cobb , a U.S. representative and senator from Georgia. It
20010-426: Was given by American economists Milton Friedman and Anna J. Schwartz . They argued that the Great Depression was caused by the banking crisis that caused one-third of all banks to vanish, a reduction of bank shareholder wealth and more importantly monetary contraction of 35%, which they called "The Great Contraction ". This caused a price drop of 33% ( deflation ). By not lowering interest rates, by not increasing
20155-500: Was in the form of Federal Reserve demand notes. A "promise of gold" is not as good as "gold in the hand", particularly when they only had enough gold to cover 40% of the Federal Reserve Notes outstanding. During the bank panics, a portion of those demand notes was redeemed for Federal Reserve gold. Since the Federal Reserve had hit its limit on allowable credit, any reduction in gold in its vaults had to be accompanied by
20300-446: Was intended. It exacerbated the Great Depression by preventing economic recovery after domestic production recovered, hampering the volume of trade; still there is disagreement as to the precise extent of the Act's influence. In the popular view, the Smoot–Hawley Tariff was one of the leading causes of the depression. In a 1995 survey of American economic historians, two-thirds agreed that the Smoot–Hawley Tariff Act at least worsened
20445-527: Was later buttressed to handle automobile traffic. A notable resident of the area during that period was John Gann, Cobb County's first state senator. His home, built in 1841, still stands today and is also part of the historical district. During the Atlanta campaign of the Civil War , Union officers Walter Q. Gresham and Francis P. Blair Jr. of the XVII Corps reached Mableton on July 3, 1864, after
20590-484: Was majority-African-American. Real-estate booms drew rural white southerners and Rust Belt transplants, both groups mostly first-generation white-collar workers . Cobb County was the home of former segregationist and Georgia governor Lester Maddox (1966–71). In 1975, Cobb voters elected John Birch Society leader Larry McDonald to Congress, running in opposition to desegregation busing . A conservative Democrat , McDonald called for investigations into alleged plots by
20735-455: Was previously occupied by the W. H. Barnes Education Center. The GJLS originally opened with nine students in 1974 at Oglethorpe University , serving grades 1 through 9. The school moved to W.H. Barnes in 2002. Whitefield Academy, a Christ-centered college preparatory school in Smyrna, is near Mableton. The SAE School is an "independent project-based learning school" for pre-school to 8th grade students located in Mableton. Primrose Schools ,
20880-470: Was the rollback of those same reflationary policies that led to the interruption of a recession beginning in late 1937. One contributing policy that reversed reflation was the Banking Act of 1935 , which effectively raised reserve requirements, causing a monetary contraction that helped to thwart the recovery. GDP returned to its upward trend in 1938. A revisionist view among some economists holds that
21025-424: Was under the age of 18, 9.00% from 18 to 24, 36.50% from 25 to 44, 21.50% from 45 to 64, and 6.90% was 65 years of age or older. The median age was 33 years. For every 100 females, there were 98.50 males. For every 100 females age 18 and over, there were 95.90 males. As of 2007, the median income was $ 70,472. The per capita income for the county was $ 32,740. About 6.0% of families and 9.4% of the population were below
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