Answer: The Renaissance is credited with bridging the gap between the Middle Ages and modern-day civilization. During the Middle Ages, a period that took place between the fall of ancient Rome in 476 A.D. and the beginning of the 14th century, Europeans made few advances in science and art.
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Answer:
The result was a severe inflation of the American dollar which caused it to become more difficult to pay off war debts. This made it hard for the government to borrow any money at all, since many did not understand exactly what the American Dollar was worth.
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Answer:
Using deficit spending to stimulate economic growth.
Explanation:
John Maynard Keynes was a British economist born on the 5th of June, 1883 in Cambridge, England. He was famous for his brilliant ideas on government economic policy and macroeconomics which is known as the Keynesian theory. He later died on the 23rd of April, 1946 in Sussex, England.
After the New Deal and into the post-World War II era, the United States of America pursued Keynesian economic policies. This meant using deficit spending to stimulate economic growth.
Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.
According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.
Answer:
B.) latin american economies still were based on agriculture
Explanation:
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