1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Julli [10]
3 years ago
12

In the 1920s, Secretary of the Treasury Andrew Mellon succeeded in cutting taxes on: a.corporate profits and personal incomes. b

.both eliminating half of the federal debt c.dramatically trimming the federal budget. d.eliminating half of the WWI debt.e.All these answers are correct.
Social Studies
2 answers:
Zarrin [17]3 years ago
8 0

Answer:

a.corporate profits and personal incomes

Explanation:

After being appointed by the then US president, Warren G. Harding, T. Mellon was tasked with reducing the large federal debt accumulated as a result of World War I. Hence, in his bid to achieve the aim, he increased revenue by lowering tax rates so a s to boost the economic activity as well as increasing overall tax revenue by encouraging more people to actually pay their taxes.

His then successfully cut taxes across the board both corporate and personal income tax, which was finally enacted by Congress in the Revenue Acts of 1921, 1924, and 1926.

In turn, the top marginal tax rate fell from 73 percent in 1922 to 24 percent in 1929.

love history [14]3 years ago
7 0

Answer:

All these answers are correct.

Explanation:

Andrew Mellon was a successful business man with interest in sectors ranging from aluminium, steel, coal and to oil. After the first World War, he was appointed as the Secretary of Treasury inorder to assist in the reduction of the federal debts as a result of the war.

Due to the fact that the economy of US was in turmoil, he had to cut taxes across all board inorder to encourage the recovery and growth of the economy and at the same time encouragment of more people to pay tax to the government.

This tax law which he enacted lead to the marginal tax of US to fall from 73%  to 24% which on the long run proved effective on lowering the national debt.  

You might be interested in
What would most likely affect of deforestation in central africa
kherson [118]
The affect of deforestation in south Africa would make us have less oxygen in the air and many plants will die due to deforestation and less oxygen and carbon dioxide for energy.
8 0
3 years ago
An informal grouping of officials, lobbyists, and policy specialists who come together temporarily around a policy problem is
Ugo [173]

Answer:

an issue network

Explanation:

An issue network -

It is the practice , where certain group of people come together in order to work for a common goal or activity , is referred to as an issue network.

The issue network can be domestic as well as international .

Many online and social media platform are used in order to perform an issue network.

Hence, from the question, the correct term for the given information of the question is an issue network.

4 0
3 years ago
A central focus in developmental research is plasticity, which refers to:
Katen [24]
Plasticity or brain plasticity refers to the brain's capacity to change throughout life. It is centered around the notion that many aspects in a person's brain can suffer alterations even through adulthood. Basically it defies the idea that we are "hard-wired" as humans. Learning is appointed as a main contributor to the increase of brain plasticity, this is largely due to the brain's capacity to form new connections (synapses) between neurons (brain cells) when presented with new scenarios, it is consistently reorganizing itself, creating and pruning (removing) synapses. 

6 0
3 years ago
Congress passes a law that says you can only where shorts if it is 90° or hotter outside. Anything colder, and you must wear lon
MAVERICK [17]

Answer:

president can veto

Supreme Court can declare it unconstitutional

7 0
3 years ago
Volcanic rock shows that some layers have magnetic fields that are aligned opposite to Earth's. This evidence BEST fits which hy
Elanso [62]

Answer: I think it's D

Explanation: I'm not really sure not good at that stuff

5 0
3 years ago
Read 2 more answers
Other questions:
  • Why did vasco da gama travel to India.
    13·1 answer
  • When someone has a "tip-of-the-tongue moment" problem, difficulty is occurring with this process of memory?
    7·1 answer
  • What do you conclude the girl will do next
    13·2 answers
  • Carl and Sadie, who are neighbors, got into a disagreement about early-morning noise on the weekends. The two came to an agreeme
    5·2 answers
  • McCulloch v. Maryland established the principle thata. as long as the national government does not violate theConstitution, its
    7·1 answer
  • Look at the image below
    9·1 answer
  • WILL MARK BRAINLIEST!!!!! HELP ASAP!!!!
    7·2 answers
  • Yep do you deactivate a Brainly.com account.
    6·2 answers
  • The Mayas used which the following symbols to represent numbers?
    9·1 answer
  • A client has had a total hip replacement. when assessing the client, which sign most likely indicates that the hip has dislocate
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!