Economic conditions are the United States had a balanced budget when president George H.W.Bush took office.
In domestic affairs, Bush faced an outsized federal deficit that had grown threefold since 1980. Despite insisting he was pledged to not raise taxes.
Bush agreed to a budget with the Democratic-controlled Congress that raised taxes and cut spending.
<h3>What did George W Bush do for the economy?</h3>
Bush administration was characterized by significant tax cuts in 2001 and 2003, the implementation of Medicare Part D in 2003, increased military spending for 2 wars, a housing bubble that contributed to the subprime mortgage crisis of 2007–2008.
Thus, the U.S. had a balanced budget that describes the economic conditions when president Bush took office.
Learn more about the balanced budget here:
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Answer:
On September 27, 1940, Japan signed the Tripartite Pact with Germany and Italy, thus entering the military alliance known as the "Axis." Seeking to curb Japanese aggression and force a withdrawal of Japanese forces from Manchuria and China, the United States imposed economic sanctions on Japan.
The French came to join alliances with the colonists.
Also, it was the first war won by the Americans.