"Trickle-down": supply-side economics creates tax cuts for the wealthy.
Supply-side economics suggests tax cuts for the wealthy. Those tax cuts will be used to create new jobs. New jobs will give more money to the middle-class.
This economic policy makes sense in theory and in some cases the tax cuts resulted in more jobs and higher wages. However, mostly it led to a large gap in wealth as the wealthy kept the money instead of reinvesting in jobs and wages. Eventually as the US moved industry overseas, tax cuts for the wealthy meant the expansion of jobs overseas instead of American jobs. Meanwhile the middle-class pay higher taxes to make up for the loss of taxes from the upper class.
Why did the War of 1812 end?
Answer: A large British army under Sir George Prevost was thus forced to abandon its invasion of the U.S. northeast and retreat to Canada. The American victory on Lake Champlain led to the conclusion of U.S.-British peace negotiations in Belgium, and on December 24, 1814, the Treaty of Ghent was signed, ending the war.
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War of 1812 ends - HISTORY
After the British takeover of the New Netherlands, the control of the entire economic and political affairs went into the hands of the English Crown.
<h3>What is the significance of the British takeover of the New Netherlands?</h3>
The British gained a control over the New Netherlands in the second half of the seventeenth century. After this takeover, there was complete transfer of the control of economic and political affairs of the society.
The event of the British takeover of the New Netherlands was led by Richard Nicholls at the New York Harbor. The Dutch readily gave the control in the British hands, avoiding a fight.
Hence, the significance of the British takeover of the New Netherlands is aforementioned.
Learn more about the British takeover of the New Netherlands here:
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I believe the third answer is the correct one
