Answer:
False
Explanation:
1973 marked the beginning of a recession, and the crisis of the dollar-gold standard. It would lead to the rise of inflation, and the crisis on the keynesian consensus of the Welfare State, eventually leading to the rise of Friedman monetarist theories and finally the establishment of strong anti-regulation governments in Britain and the US (Margaret Thatcher and Ronald Reagan)
Alexander Hamilton was elected by George Wasington as Treasury secretary, his goal was to<u> improve the solvency of the new nation</u>, which was not very good because both the states and Congress were indebted for the war of the revolution.
To solve the situation, <u>Hamilton suggested that the federal government assume the debt of the states</u> for which he founded the first central bank in the United States with the ability to mint money.
Answer:
President Franklin D. Roosevelt. His dissatisfaction over Supreme Court decisions holding New Deal programs unconstitutional prompted him to seek out methods to change the way the court functioned. The supreme court challenged him. And the Great Depression hit.
Roosevelt set about to prepare the nation to accept expansion of federal power. Roosevelt recognized that the programs he was about to introduce for congressional legislative action to relieve the dire effects of the Great Depression were unprecedented in peacetime.
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