Answer: Here is the correct order of events in Supply-side economics:
1) Taxes are lowered
2) Consumers and investors have more money
3) Businesses expand
4) Businesses prosper
5)The economy grows
Explanation:
This concept is a huge part of Ronald Reagan's economic policies during his presidency. This becomes a central focus of "Reaganomics." He uses this policy to drive the American economy during his 8 years as president.
<span>The Iran Contra Affair could be described as illegal as determined by a congressional investigation. This scandal happened in the US during Reagan's second term as president. Senior officials of the administrations secretly created the sale of weapons to Iran which was then the subject of an arms embargo. The hope was to fund the Contras in Nicaragua and to also negotiate to have some US prisoners released. Funding of the Contras had been prohibited by Congress under the Boland amendment.</span>
There were several reasons actually. First of all, there was a war before. As it is well known, wars are very expensive. Soldiers needed to be equipped, soldiers need to be paid, etc. Then came the need to pay for heavy costs. Who to tax? For some reason the Colonies were chosen, perhaps as the war was quite literally fought by the colonies.
Roosevelt believed that the government had to step in to
resolve the problems brought about by the Depression. Hoover felt that it was the people should be
the ones who must solve this. Though he
did launch some programs, it was not enough.
The problem was too big and Roosevelt felt that it was time for
government to help solve the crisis.
I think it would be that a political party seeks to recruit, nominate and elect candidates under it’s label
