I think the answer is false.
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The founding fathers limited the powers of each branch of government so one doesn't get powerful. If one got too powerful it could lead to a dictatorship, which none of them wanted.
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There was a recession when Nixon took office. He essentially came in and helped clean up the economy. To answer your question the condition, of the American economy, was poor.
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The English Bill of Rights created a constitutional monarchy in England, meaning the king or queen acts as head of state but his or her powers are limited by law. Under this system, the monarchy couldn't rule without the consent of Parliament, and the people were given individual rights
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