Reagan's supply-side economics helped boost the U.S economy out of the worst recession since the Great Depression by giving incentives to businesses to grow. This was achieved through the reduction of the top corporate tax rate from 46 percent to 40 percent. Reagan also cut the top marginal income tax rate<span> from 70 percent to 28 percent increased the supply of labor which boosted economic growth.</span>
Answer:
A) social contract theory
Explanation:
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The precedent that Washington and Congress made was to have cabinet meetings with their top advisers.
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-Payshence
The correct answer is option C) Steam Engine
Steam Engines were developed in the 1st Industrial Revolution in England. They led to the development of trains which provided fast travel throughout the country.
Steam Engines require the burning of coal to make steam and push machinery. This meant that the Steam Engine and Coal were perfect complimentary products and the increase in demand for one, would automatically increase the demand for the other.
Railway lines completely transformed countries as more and more goods and people could be transported cheaply and quickly.
From England, steam engines and trains spread to Europe, the US and other parts of the world and for the next 150 years, trains became the preferred mode of transport.
