The federal debt is the total amount borrowed from investors to finance government spending. In 1940, it was $50.7 billion. If the federal government attains a balanced budget, the federal budget deficit, an excess of expenditures over revenues of $307 billion. And federal budget surplus is equal to the difference of expenditures less than revenues. Federal budget is an annual plan or outlining offer revenues and expenditures for the coming year.
Answer:
Communism was first developed by Karl Marx and Friedrich Engels in the mid-19th century.
Answer: Romania, a country of Southeastern Europe.
Explanation:
- The contemporary history of Romania begins with the rejection of the Ottoman Empire and its unification with Moldova in 1859. Romania was under the rule of the Ottoman Empire for a long time, as were many of the surrounding countries. It experienced territorial expansion after the First World War.
- From 1881 to 1947, Romania was a parliamentary monarchy. The Ottoman Empire weakened intensely during the nineteenth century, gaining independence through various wars. Romania was granted full autonomy by the Berlin Peace Treaty of the late 19th century.
- During the advancement of Soviet troops in World War II, Jon Antonescu was ousted. With this act, Romania becomes a zone of interest of the Soviet Union. Soon, through elections, the Communists gain absolute power. In the coming decades, Romania will be heavily associated with the Soviet Union through economic and other interests. The socialist legacy trade began with President Nikolai Causezki.
- The president's arbitrariness and unfortunate economic situation united Romanians. The end of socialism in Romania is related to the collapse of communism in Europe, which is the end of the 1980s. In the large-scale demonstrations that took place for several days, the people rejected socialism. Romania is today a member of the European Union with a democratic system of government. Today, Romania is, economically speaking, one of the least developed members of the European Union.
England was pretty much broke after the French and Indian War, and to start getting money and paying back debts, they started taxing the American colonies. Some of the specific things they taxed were tea (which led to the Boston Tea Party), stamps, glass, lead, and paints that were imported into the colonies. All these taxes fell under the Townshend Acts.
The First and Second Estates, comprised almost unanimously of the nobility, could always outvote the Third Estate. Since 1614, the economic power of the Third Estate had increased dramatically; in 1788, the popular call was to double the number of representatives from the Third Estate so that they'd have equal voting power in comparison with the other two estates. They wanted equal rights to vote and have representation in their government.
