1. The New Deal is a foreign policy created by President Reagan to maintain both economic and social welfare of the people living in the country. This had caused a major impact of his presidency because of the
2. The end of the Cold War after President Reagan and Russian President Mikhail Gorbachev have reached settlement.
The bill by President George W. Bush EGTRRA called for large tax cuts similar to Economic Recovery Act of 1981 by President Reagan.
The assumptions behind the theory used as a basis by President Reagan to lower the taxes of big companies was Laffer's theory. This states that when an industry is charged with more tax, it suppresses their capability to produce more products. Since more products mean more tax. If the tax collection is lowered, this will result in higher production and is good for the country's economy. Also, they thought that the previous tax collection is more than what the government needs.
Answer:
The New Deal helped improve the lives of the suffering people of the depression. The New Deal played an important role in the economic and social affairs of the nation.
Explanation:
-
A budget deficit occurs when government expenditure is greater than revenue. When this happens the government is now forced to acquire loans to remedy the deficiency and as such national debt grows. A budget surplus occurs when revenue is greater than expenditure. When this occurs there is no need to get more loans and the surplus can now be used to service the national debt; thus reducing it.
Answer:
Boundaries are created through natural geography, geometry, and conflict. Geographic boundaries include mountain ranges and rivers. For example, the Pyrenees Mountain Range forms a natural border between France and Spain.
