Answer:
The effect of President Roosevelt's attempt to balance the federal budget was the economic recession of 1937.
Explanation:
In 1937, the government of the Democrat Franklin D. Roosevelt considered that, after 4 years of effort, the government should reduce its fiscal deficit and balance its accounts in order to avoid a progressive emptying of the public coffers. Roosevelt, who had won in the 1933 elections and had imposed the New Deal, greatly increasing public spending in line with Keynesian theory, decided it was time for the government to start pulling out of the economy. Thus, he decided to cut expenses (closing New Deal programs) and raise taxes, in order to balance the fiscal deficit.
The problem was that, as a consequence of the Great Depression and the correct application of the New Deal, the American economy was too weak not to have the support of the federal state. In other words, the American economy depended heavily on New Deal programs, and it had a degree of fiscal effort that was too great to raise taxes. Thus, with the taking of these measures, the American economy began to fall, entering in a recession.
I don't know you have to study this.
The government stays out of affairs and lets the market mange itself. In this vien, Adam Smith’s “invisible hand” is the idea that there is an invisible force or hand that drives and manages the economy. People who subscribe to this form of economic thought usually favor small government intervention...they think the market will take care of itself and doesn’t need government subsidies, regulation, etc.
Answer:
1893
In 1893 the IBEAC transferred its administration rights of the territory to the British Government. The territory was then divided to form the Uganda Protectorate in 1894 and East Africa Protectorate (later Kenya) in 1895.
Explanation:
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Answer:16th Amendment income tax
The Sixteenth Amendment (Amendment XVI) to the United States Constitution allows Congress to levy an income tax without apportioning it among the states on the basis of population. It was passed by Congress in 1909 in response to the 1895 Supreme Court case of Pollock v.
Explanation:
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