Answer:
The effect of President Roosevelt's attempt to balance the federal budget was the economic recession of 1937.
Explanation:
In 1937, the government of the Democrat Franklin D. Roosevelt considered that, after 4 years of effort, the government should reduce its fiscal deficit and balance its accounts in order to avoid a progressive emptying of the public coffers. Roosevelt, who had won in the 1933 elections and had imposed the New Deal, greatly increasing public spending in line with Keynesian theory, decided it was time for the government to start pulling out of the economy. Thus, he decided to cut expenses (closing New Deal programs) and raise taxes, in order to balance the fiscal deficit.
The problem was that, as a consequence of the Great Depression and the correct application of the New Deal, the American economy was too weak not to have the support of the federal state. In other words, the American economy depended heavily on New Deal programs, and it had a degree of fiscal effort that was too great to raise taxes. Thus, with the taking of these measures, the American economy began to fall, entering in a recession.
Answer:
The financial crisis was primarily caused by deregulation in the financial industry. That permitted banks to engage in hedge fund trading with derivatives. b
Banks then demanded more mortgages to support the profitable sale of these derivatives. That created the financial crisis that led to the great recession.
Hello,
Central courts was/were <span>established to settle disputes between the states.
</span>Interstate matters are dealt with at the Central courts set up specially to settle disputes between states as they do not fall under regular Courts and federal law.
So your final answer would be C. Central courts
Hope this helped! :)
REGRESSIVE ... lower income
So the full sentence would read: <span>With a regressive, the tax rate decreases as income increases. Lower income individuals bear a greater burden with this type of tax.
An example of a regressive tax would be a sales tax on everyday items. Lower income individuals must spent a higher percentage of their income on basic necessities, so sales taxes on necessary items takes from them a higher percentage of their income than is the case for wealthy individuals. If there are higher rates of tax on luxury items (like yachts or luxury cars) that are purchased only by higher-income people, that would not be regressive. But otherwise sales taxes affect a greater percentage of the poor's income than the rich.
Another example (and another consumption tax) would be taxes on gasoline. Think of two commuters who both drive 30 miles a day to get to work, in cars that get similar gas mileage. If one of those persons makes $100,000 a year, and the other person has a job that earns only $25,000 a year, the person earning $25,000 a year is paying the same amount in gas taxes as the person making $100,000 a year. That's a regressive tax.
[A detail to note: Americans on average across the country pay about 50 cents in taxes that is included in the price of each gallon of gas purchased.]</span>
