Answer:
Woodrow Wilson's domestic policy that, promoted antitrust modification, tariff revision, and reform in banking and currency matters. Authorized Congress to enact a national income tax.
Explanation:
He wanted ‘justice’, but he did not want revenge. He said that the peace must not be harsh– that would just cause another war in a few years time. He tried to get a ‘halfway point' – a compromise between Wilson and Clemenceau.
He also wanted to expand the British Empire, maintain British control of the seas, and increase Britain's trade.
It encourages spending, which increases other kinds of tax.
<u>Explanation:</u>
Increasing the minimum wages increases the standard of people from the poverty line. It not only increases the welfare but also increases the spending among the people. But raising the wages also creates a negative effect causing inflation and higher costs for the business. This would decrease the profit of the firm.
The spending profile of employees helps us to access how they spend their extra earned money on purchasing things which is acquired by the government in the form of taxes. The combination of these direct and indirect effects results in lower economic activity.
-When prices rise demand goes down
