Answer: Here is the correct order of events in Supply-side economics:
1) Taxes are lowered
2) Consumers and investors have more money
3) Businesses expand
4) Businesses prosper
5)The economy grows
Explanation:
This concept is a huge part of Ronald Reagan's economic policies during his presidency. This becomes a central focus of "Reaganomics." He uses this policy to drive the American economy during his 8 years as president.
Many economies from Europe and other areas like Japan which were very powerful during the 1800s and 1900s. As a consequence of this, these nations were competing to extend and dominate other regions around the world. Imperialism was growing very rapidly at that time.
Europeans nations in particular, were adding new colonies from Africa and Asia to the ones they already had established in the exploration age. Japan and the United States, were also contemplating the benefits of imperialism.
All these powerful countries could now get all kinds of products and raw materials from the new acquired colonies, and that is why they were called extraction economies.
Contrary to these nations, the United States did not have a shortage of raw material, so it was not that important to them. In fact, the U.S. was producing a grater amount of goods than they could consume. There was not any need to get colonies for the sole purpose of extract their products and raw materials.
<h3><u>The fall of the Roman Empire and the fall of the Han Dynasty:</u></h3>
- The Roman Empire in Europe and the Han Empire in China were the period where the civilization prospered in the respective regions.
- They also have similarities and differences for the reasons of their downfall and the effect in the respective regions.
<u>Factor that are common among these events:</u>
- The common reasons for the fall of the Roman Empire and Han Empire were Inflation, spread of epidemic Diseases, and political instability.
- There was political instability due to conflict of higher ranked people of the empire.
<u>Factor that are different among these events:</u>
- The difference is the reestablishment of those empire after downfall.
- Due to the cultural diversity, Rome was difficult to re-establish whereas the common culture in china helped to re-establish the empire under different dynasties namely Sui, Tang and Song Dynasty.
Paige was the first African American athlete that played in the World Series and became the first player from Negro Leagues to be elected in the National Baseball Hall of Fame .
He proved to the world that they could compete and beat the whites and that helped to pave the way for African American to join the Major League baseball, that was once banned from them because of their color.
