Hi.
The United States declared independence from England.
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1. The American government guides the overall pace of economic activity. Its goal is to maintain steady growth, high levels of employments and price stability. It is best achieved by adjusting spending and tax rates ( fiscal policy ), managing the money supply and controlling the use of credit ( monetary policy ). The government can slow down or speed up the country's economy's rate of growth which affects the level of prices and employment. Another role of the government in the economy is to correct market's failures, provide public goods and enforce competition.
2. During the recession that followed the Great Depression for example, the government cut taxes to curb competition and increased the money supply via the control of interest rates. During a financial crises in any given time, the government tried to guarantee secure loans, bail out some troubled banks and adjust the money supply.
3. The federal budget has an affect on jobs, investments, economic growth and the standards of living of ordinary people. Tax cuts benefit many companies and individual businesses, and so do interest rates. Governmental investments in infrastructure and various projects ( education, health care ) have a direct affect on ordinary people, as the level of governmental spending on them reflects the level of services provided and received.
Answer: Great man
Explanation:
Great man theory states that some people are born with great abilities that makes them different from other people, these characteristics is what makes them assume leadership and other positions where they lead those they seem different from, guiding them with authority. Some of the noticable characters are superior intellect, high courage, divine inspiration.
This theory confirms that this traits are possessed by many leaders in different sectors of the world.
