Answer:
The seven steps a state budget must go through in order to go into effect include:
1. The State comptroller has to inform the State legislature of the revenue available to the state.
2. The State agencies will then give to the legislature the account of their expenditures and what they need in the fiscal year.
3. The Legislative board in charge of budget affairs swings into action and forms a synergy with the governor’s office in the budget preparation.
4. The Budget is presented to the both chambers of the legislature as a bill.
5. The both chambers then scrutinizes it after which the house passes the budget bill
6. The bill moves back to the Executive arm of government for implementation and is certified by the state comptroller
7. The Bill is signed by the governor and it becomes valid and goes into effect( disbursing of the money to the various state agencies, etc).
The correct answer is C) Capitalism developed as an alternative to inefficient mercantilist policies, but it drew criticism for increasing the gap between the rich and poor.
Mercantilism and capitalism are two very different economic systems. Mercantilism is a system which relies on one country developing a favorable balance of trade and obtaining valuable resources from a colony. This was the system used when America was still controlled by Great Britain.
As America gained independence, they focused on developing a more capitalist society. This society is based on individual freedom, as citizens can decide what they buy. Along with this, American businesses and citizens are not forced to trade with one specific country.
Answer:
Many slaves living in cities worked as domestics, but others worked as blacksmiths, carpenters, shoemakers, bakers, or other tradespeople. Often, slaves were hired out by their masters, for a day or up to several years. Sometimes slaves were allowed to hire themselves out.
Explanation:
Many economists felt that the reparations demanded from Germany were excessive and counterproductive. Operating from the principle of permanently weakening Germany, France was particularly keen on punishing Germany and limiting its ability to wage war. This approach, however, backfired because reparations were so severe Germany plunged into economic chaos. This situation allowed for the rise of Adolf Hitler and planted the seeds for WWII.
