It was bad for the nation
Answer:
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Explanation:
Upon his election as the President of the United States of America in 1800, Thomas Jefferson selected Albert Gallatin as the Secretary of the Treasury.
he Jefferson administration had two main objectives in 1801:
1) Reduce the national debt
2) Reduce direct taxes
In 1801, the United States was more than $80 million in national debt.
The Jefferson administration took advantage of two sources to reduce national debt: capital gained through the sale of public land, and revenue brought in through custom duties (import taxes).
Furthermore, Jefferson lowered military spending, and reduced the US Army and Navy. He got rid of domestic taxes, and maintained the bank!
Answer: Globalization is the spread of products, technology, information, and jobs across nations.
Corporations in developed nations can gain a competitive edge through globalization.
Developing countries also benefit through globalization as they tend to be more cost-effective and therefore attract jobs.
The benefits of globalization have been questioned as the positive effects are not necessarily distributed equally.
One clear result of globalization is that an economic downturn in one country can create a domino effect through its trade partners.
Explanation: