The US was never completely isolated from the rest of the world. Trade made the US an active member of world affairs. It was during the period of the 1890s that the US foreign policy became influenced by imperialism. During that decade, the US became the most important industrial power in the world. That meant we had to find markets and areas to obtain raw materials. Business was also looking at other areas in the world as potential customers for our products. The US military, especially the Navy, was growing and expanding in other areas of the world where we had not had the ability to go in force before. The war with Spain (1898) and the presidency of T. Roosevelt also made the US a major economic, military, and imperialistic power.
Answer:
Fiscal policy refers to the measures employed by governments to stabilize the economy, specifically by manipulating the levels and allocation of taxes and government expenditures. Fiscal policy relates to the decisions which determine whether a government will spend more or less than it receives.
Fiscal policies are influenced by the executive and legislative branch of a country.
Explanation:
One of the ways the executive branch influences fiscal policy is that the President and the Secretary of the Treasury directs the fiscal policies of the United States. Since the fiscal policy is tied into each year's federal budgets, the President proposed this budgets to be approved by the Congress.
One of the ways the Legislative branch influence fiscal policy is that the approve the Federal budget proposed by the President. In United States, Congress passes laws and appropriates spending for any fiscal policy measures. This process involves participation, deliberation and approval from both the House of Representatives and the Senate.
Monetary policy refers to the policy undertaken by the monetary authority of a country to control money supply in order to achieve macroeconomics goals which in turn promote sustainable economic growth. Monetary policy reduces liquidity to prevent inflation.
Reasons why the Federal Reserve Board is given independence in establishing monetary policy are
1. They are free from short term legislative/executive pressures. Without the degree of autonomy, the Federal Reserve Board could be influenced by election focused politicians into enacting an excessively expansionary monetary policy to lower unemployment in the short term. Tho could lead high inflation.
2. They Federal Reserve Board runs a technocrat appointment rather than a political appointment. The monetary decision of the Federal Reserve Board is not ractified by the President. They receive no funding by the Congress and members of the Board of governors who are appointed, serve 14-year term. This terms do not coincide with presidential terms, thus making them further independence.
<span>The branch of psychology that re represented in this particular professors views is behaviorism. This is a theory to help understand the behavior of both animals and humans. It is driven by the belief that every behavior is either a consequence of someone, or somethings, history or a reflex that is produced for specific stimuli around them</span>
