Because congress thought that it was a waste.
Answer: Kamehameha I, also known as Kamehameha the Great, was the founder and first ruler of the Kingdom of Hawaii. A statue of him was given to the National Statuary Hall Collection in Washington, D.C. by the state of Hawaii as one of two statues it is entitled to give.
Explanation:
Answer:
This borrowing may have a negative impact by crowding out private investment.
Explanation:
When the government goest into deficit spending to stimulate the economy in times when the economy is slowing down, what happens is that the government now demands more loanable funds: it demands a higher proportion of the savings in the economy in the form of government bonds.
This higher government demand for loanable funds crowds out private investment for two reasons:
- It raises the interest rate, making private investment more expensive.
- It reduces the amount of loanable funds available for the private sector (because it takes over a larger share of them).
Coup d'etat, the Hundred Days, and the Battle of Waterloo
