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Zarrin [17]
3 years ago
15

How did declining income affect american's spending habit

History
1 answer:
e-lub [12.9K]3 years ago
5 0
Declining income affected Americans spending habits by make it so they are not able to buy as much and with people makein less money product ends up costing more. So with people making less money it made it so peopl couldn't buy as much and with not buying as much it broke the spending habit by making people save up for certain things that they needed that were no longer available to them all the time
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The conflict that took shape in the 1790s between the Federalists and the Antifederalists exercised a profound impact on American history. The Federalists, led by Alexander Hamilton, who had married into the wealthy Schuyler family, represented the urban mercantile interests of the seaports; the Antifederalists, led by Thomas Jefferson, spoke for the rural and southern interests. The debate between the two concerned the power of the central government versus that of the states, with the Federalists favoring the former and the Antifederalists advocating states' rights.

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